28.05.202415:20 Forex Analysis & Reviews: Trading Signals for BITCOIN (BTC/USD) for May 28-30, 2024: sell below $69,000 (21 SMA - 200 EMA)

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Early in the American session, Bitcoin (BTC/USD) is trading around $68,864, below the 21 SMA, and within the downtrend channel forming since May 20 showing exhaustion of the bullish force.

If Bitcoin falls below 69,000, we could expect a further bearish movement and the price could reach the 200 EMA located at 65,918 and even the bottom of the downtrend channel around 65,200.

A sharp break of the downtrend channel and a consolidation above 70,500 could change the outlook. So, we could expect a recovery in BTC so that it could reach the high of $71,900 and even surpass the one-week resistance of $73,025.

Technically, BTC is still trading lower because Bitcoin has tried to break the top of the downtrend channel twice. However, we are now seeing signs of exhaustion and it will likely continue to fall in the coming days.

A drop below and consolidation below the 200 EMA located around $66,000 could be seen as a negative outlook for Bitcoin. Below this area, it could continue its fall in the coming days until reaching the psychological level of $60,000.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.