BTC review dated 18.05.2022
After the collapse to $26 700 bitcoin can not overcome the resistance level of around $31 000. Now the coin rate is locked in the range of $30-31 000. Breakout from the range downwards will mean a further decline in the asset’s price and, perhaps, another hike to $26 000.
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.