Relevance up to 14:00 2022-06-25 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Technical analysis:
BTC/USD has been trading upside and there is potential for further upside continuation. I found rejection of the rising trend-line in the background, which is good sign for fruther rally. Trading recommendation: Due to the breakout of the consolidation and rejection of the rising trendline, I see potential for further rally. Watch for potential buying opportunities on the intraday dips. Upside objective is set at the price of $22.880. Stochastic is showing upside reading with no evidence for the reversal, which is good sign for further bullish movement. Support is set at the price of $20.700
Read more: https://www.instaforex.eu/forex_analysis/281728
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