$BTC #CryptoWatchMay2024
📌 Bitcoin - quick analytics
1) In general, the price moves according to the forecast, i.e. is consolidating between the 100th (green) and 50th (yellow) daily MAs. This range is 60,000 - 65,000 thousand $. For some time, the price may move in this range with liquidity being removed a little higher/lower, in both directions
2) It is allowed to retest the 100th MA and close the gap from May 3, i.e. return to the $60,000 mark with a possible puncture just below
3) The key support zone in the medium term remains $58,000 on the weekly timeframe. As long as BTC maintains this figure, everything follows the standard scenario of the last two bull cycles.
📌 Bitcoin - quick analytics
1) In general, the price moves according to the forecast, i.e. is consolidating between the 100th (green) and 50th (yellow) daily MAs. This range is 60,000 - 65,000 thousand $. For some time, the price may move in this range with liquidity being removed a little higher/lower, in both directions
2) It is allowed to retest the 100th MA and close the gap from May 3, i.e. return to the $60,000 mark with a possible puncture just below
3) The key support zone in the medium term remains $58,000 on the weekly timeframe. As long as BTC maintains this figure, everything follows the standard scenario of the last two bull cycles.