FX.co ★ BTC analysis for May 25,.2021 - Breakout of the rising channel and potentia for test of $32.000

Technical analysis:

BTC has been trading downside and there is the breakout of the rising channel in the background.

Trading recommendation:

Watch for selling opportunities on the rallies due to the breakout of the rising channel. Downside targets are set at the price of $34.900 and $31.500.

Stochastic reached extreme reading, so the light upside correction is possible before the downside continuation.

Key resistance is set at the price of $40.000