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FX.co ★ BTC update for May 26,.2022 - Potential for the rally

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Crypto Analysis:::2022-07-26T11:47:40

BTC update for May 26,.2022 - Potential for the rally

Technical analysis:

BTC update for May 26,.2022 - Potential for the rally

BTCUSD has been trading sideways and there is the test of the lower trend-line in the background.

Trading recommendation:

Due to the test of the support in the background, I see potential for the rally on BTC.

Watch for potential buying opportunities on the intraday dips and potential for the further rally.

Upside objective are set at the price of $21.800

Stochastic oscillator is showing fresh bull cross, which is another sign for the upside movement.

Key support is set at the price of $20.900

Analyst InstaForex
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