May was the bear’s month thus far. The largest crypto asset market cap has fallen almost 32%. BITCOIN recovered above $30k, which indicates that bulls are purchasing the dip. Over the last 24 hours, BTC has risen by 2.3%. It currently holds 44.4% of the market and has a market capitalization of $577bn.
BTC traded at $30,315.
BITCOIN saw a sharp drop last week, with prices falling to $25,338. Technically, BTC has formed a “Long Legged Doji” candle on a daily basis. This indicates that the trend is uncertain and could be reversed. BTC is trading at $30k and has closed above $28,800 on the daily key support. If BTC holds the support level and trades above $31,500, then we can expect a rally to the $35k-$37k levels. A break below the support level will result in further decline. Key Levels:
Support 2Support 1AssetResistance 1Resistance 2$25,000$28,800BTC$31,500$37,000
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