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Bitcoin trapped inside sideways price range

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Crypto Daily, Recent news

Bitcoin cryptocurrency remains trapped inside the narrow sideways price range that can be seen on the 4-hour Bitcoin charts. This price range is enclosed by the upper resistance level 30725.00 (which has been reversing the price from the middle of May) and the equally strong support level 29000.00 (which stopped the previous correction (b) and the impulse wave (i)).

Given the moderately bullish sentiment seen across the cryptocurrency market today – Bitcoin can be expected to extend the gains toward the next resistance level 30725.00 – from where the price is likely to correct down to 29000.00 .

Last Updated: May 20, 2022

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Bitcoin trapped inside sideways price range

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