Bitcoin
Bitcoin Stabilizes in Tight Range; Support at $27K, Resistance at $30K-$35K
BTC has shown no signs of life, but a unpredictable price move is likely.
Bitcoin( BTC) is in a connection phase, which is defined by a tight price range with low trading volume. So far, the cryptocurrency has plodded to make a decisive move over$, which is near the top of its recent range.
BTC is over by 3 over the once 24 hours, and instigation has bettered over the once week. That means buyers could remain active above the$ support position.
The sharp down move on May 12 toward$ passed on high volume, which could be a sign of cession, albeit less significant than in the former sell- off.
Still, despite room for a price brio, downside appears to be limited because of negative instigation readings on the daily and yearly maps.
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