FX.co ★ BTC update for June 24,.2022 - Breakout of the consolidation to the upside

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