BTC review dated 13.05.2022
Bitcoin is back above $30 000. After the decline to $26 7000, there was a very expected rebound. However, at this point, it is unclear if this is a normal corrective rebound and the coin will continue its downward movement or if it is the beginning of a reversal. Bitcoin needs to gain a foothold above $40 000 for a strong breakout from the downward movement.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.