Hello friends, just after the opening of the Asian market, I am starting my analysis and my speculation for the bitcoin price, since several important information have come out to start this week of cryptanalysis.
Today, May 28, we have bitcoin around 27.5k dollars, what a rebound with an index of greed and fear that is still neutral, if we analyze the last twelve hours we have bitcoin with a considerable increase and waiting for the opening of the Asian market, we will see what direction it takes bitcoin after opening.
After stepping on the 27.7k dollars, bitcoin has given a small setback in the last 24 hours, it has had a considerable volume of $11,835,701,161 and a market capitalization of $533,641,096,882 according to data from coinmarketcap. At the moment, bitcoin has achieved strong support at 27.5k lo which suggests that it can continue the upward movement and could hit 28k when the Asian market opens.
We must remember that when we are in the high part, bitcoin usually gives a small or strong setback but I think that this time it will be different since there are more buyers than sellers at this precise moment and the market has had an increase in volume of 2.2% compared to of yesterday.
So the bulls are happy to see the valuable rebound that bitcoin has had, as I mentioned in yesterday's publication, a great movement is expected in the last few days to end the month above 30k, although the increase in bitcoin is due to a little to the news about "Agreement to increase the US debt ceiling" since the United States is running out of money, which suggests to analysts that bitcoin will take the big step on North American soil as long as Congress ratify said agreement.
| I think that the right time to buy bitcoin since if it were to touch 28.5k it would be somewhat risky to buy at that price because all the graphs point to that increase in the last hours. |
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