BTC analysis for May 25,.2021 - Breakout of the rising channel and potentia for test of $32.000

Technical analysis:

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BTC has been trading downside and there is the breakout of the rising channel in the background.


Trading recommendation:
Watch for selling opportunities on the rallies due to the breakout of the rising channel. Downside targets are set at the price of $34.900 and $31.500.

Stochastic reached extreme reading, so the light upside correction is possible before the downside continuation.

Key resistance is set at the price of $40.000




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Petar Jacimovic
Analytical expert
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