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25.05.202213:08 Forex Analysis & Reviews: BTC update for May 25,.2022 - Watch for the breakout of consolidation

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Technical analysis:

BTCUSD has been trading sideways at the price of $29.730 and there is potetnial for the breakout.

Trading recommendation:

Due to the well defined sideways regime, I see potential for the breakout and bigger movement in the next period.

If the price breaks the level of $31.270, BTC might trade towards the price at $33.605. In case of the upside breakout, buying opportunities will be preferable.

If the price breaks the level of $28.600, BTC might trade towards $25.500.

In case of the downside breakout, watch for selling opportunities on the rallies with the downside objective at $25.500

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