FX.co ★ BTC update for May 25,.2023 -Potential for the upside movement

Technical 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