FX.co ★ BTC update for June 06,.2022 - Upside impulsive movement continuation in play

Technical analysis:

BTChas been trading upside this morning and there is potential for further rally towards upper references.

Trading recommendation:

Due to the breakout of the multi-day consolidation to the upside, I see potential for the upside continuation of the impulsive move.

Watch for potential buying opportunities on the intraday dips with the upside objectives at the price of $32.250 and $33.350.

MACD is showing positive reading while the Stochastic is showing overbought condition with no evidence for the reversal.

Key support is set at the price of $29.250