BTC - Will the Uptrend or Downtrend Win?
Since 25k/early May we remain above a rising support. Ideally we continue to respect it (around 29.5k today), but this volatility is remarkable at times with whales playing games swinging the market around; and the US Dollar Index ( DXY ) is showing a return to strength the past few days, adding bearish pressure to Bitcoin .
The chart has key levels marked that bulls will want to respect or recover. If you scroll up a little more you can see an expanded view with additional levels noted. Ideally we hold this level at 29.x but if we lose it, I'd look for support along 28.9k or 28.5k.
The chart has key levels marked that bulls will want to respect or recover. If you scroll up a little more you can see an expanded view with additional levels noted. Ideally we hold this level at 29.x but if we lose it, I'd look for support along 28.9k or 28.5k.
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