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08.06.202309:57 Forex Analysis & Reviews: BTC update for June 08,.2023 - First upside objective reached, potentia lfor the further rally

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Technical analysis:

Exchange Rates 08.06.2023 analysis

BTC/USD has been trading sideways during the Asia session today and I see potential for the upside continuation.

Due to the mid-long term upside trends and the rejection of the support cluster, I see potential for the further upside movement towards upside references.

Upside objectives are set at the price of $27.350 and $28.450

MACD oscillator is showing neutral reading and potential for upside continuation..

Support cluster is set at the price of $25.800

Petar Jacimovic
Analytical expert of InstaForex
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