empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

25.05.202310:43 Forex Analysis & Reviews: BTC update for May 25,.2023 -Potential for the upside movement

Technical analysis:

Exchange Rates 25.05.2023 analysis

BTC/USD has been trading downside yesterday but I found potential fake breakout of the trading range due to lack for selling after the breakout.

Due to the strong upside cycle on mid-long term and the potential for the fake breakout of the range, I see potential for the further rally.

Upside objectivse are set at the price of $26.450, $26.650 and $27.500

RSI oscillator is showing oversold condition and bullish divergence, which is good sign for the further rally.

Intraday support is set at the price of $25.900

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
Can't speak right now?
Ask your question in the chat.