Bitcoin Support Zone; Resistance at $33K-$35K

in crypto •  3 years ago 

Bitcoin (BTC) has experienced another relief bounce in the last 24 hours, similar to what happened last weekend. Cryptocurrencies hold support above $ 27,000 and $ 30,000, which could keep short-term buyers active.


The recent downward trend in prices has stabilized at the May 12 low of $ 25,338, contributing to the increasing momentum on the daily chart. For example, the 14-day Relative Strength Index (RSI) returned above the 50 neutral mark on Monday after hitting an all-time high on May 9.

The momentum remains negative on the weekly and monthly charts, which means a rise in BTC may be limited. The next resistance area is between $33,000 and $35,000.

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Let's hope the price goes up, we're already putting up with a lot hehehehe


Esperemos que el precio suba, ya mucho estamos aguantando jejejej