BTC update for June 15,.2023 – Breakout of the key support cluster
June 15, 2023 8:26 am
Technical analysis:
BTC/USD has been trading downside today and I found breakout of the key support cluster at the price of $25.500, which is strong sign that sellers are in control.
Due to the strong downside momentum and the breakout of the support cluster in the background, I see potential for the further drop towards upside references.
Downside objective is set at the price of $20.400
Stochastic oscillator is showing downside reading and increase in the momentum, which is good sign for the further downside movement.
Resistance is set at the price of $26.150
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD has
been trading
downside
today and I found breakout of the key
support cluster at the price of $25.500, which is strong sign that
sellers are in control.
Due
to the strong
downside
momentum and the breakout of the support
cluster
in the background, I see potential for the further drop
towards upside references.
Downside
objective is
set at the price of $20.400
Stochastic oscillator is
showing downside reading and increase in the momentum, which is good
sign for the further downside movement.
Resistance
is set at the price of $26.150
The material has been provided by InstaForex Company – www.instaforex.com
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