Yesterday(5/28 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $38515, its lowest as $34710, its highest as $38952, its closing as $35689. Bitcoin reached its peak 15 minutes after the start of Friday, and after that it began to decline as the sell volume increased and fell to around $35000 at 11:45, then rebounded to around $37,000 and then fell again to a low at 21:15. After that, it rebounded and closed -7.3% down.
Looking at the 4-hour chart, Bitcoin, which closed above 50MA until the previous day, broke down below 50MA yesterday and rebounded above the starting price of this week, If the btc had been broken below the weekly starting price, it might have fallen to $33,000 in the first and $31200 in the second.
In the financial market, the gold surpassed $1,900 per ounce with the NASDAQ closing flat. As mentioned earlier, it is desirable to see the rise of cryptocurrency and gold together, but I think that the rise of gold alone is not good for the cryptocurrency market. In addition, the Chinese renminbi's appreciation to 6.36 while the dollar index is at 90.0 is not favorable news for the cryptocurrency market in that Wall Street money can go to China.
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