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24.06.2022 02:06 PMTechnical 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
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