Just as the month of May began, BTC, as well as most other altcoins took a deep fall, a crash.
From May 19, Bitcoin has gradually but consistently moved from the support of $31,000 to the levels of $40,000.
However, the flagship cryptocurrency has struggleD to climb above this level as it is a strong level of resistance. While we await a break above or below the $31,000 to $40,000 range, I expect this level of support to continue holding price.
Once, BTC comes in contact with its' orginal uptrend, the all-time high of $70,000 could be attained. Stay tuned.
From May 19, Bitcoin has gradually but consistently moved from the support of $31,000 to the levels of $40,000.
However, the flagship cryptocurrency has struggleD to climb above this level as it is a strong level of resistance. While we await a break above or below the $31,000 to $40,000 range, I expect this level of support to continue holding price.
Once, BTC comes in contact with its' orginal uptrend, the all-time high of $70,000 could be attained. Stay tuned.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.