Oversold conditions on the charts kept Bitcoin above $27,500 for the time being. The cryptocurrency may encounter resistance at $35,000, where the current downtrend began earlier this month. According to DeMARK indicators, BTC's daily chart showed a countertrend reversal signal on May 12 alongside the Dow Jones and S&P 500. Negative momentum signals on weekly and monthly charts limit the stock's potential upside.
Comments
Post a Comment