Bitcoin Cost Prediction: May 29

BTC/USD trading activity has adopted a boss showing that it is shown in a narrow range region over the course of two sessions. The cost is trading close to $29,194 between a high of $29,231 and a low of $28,857 at a positive percentage rate per minute of 0.51.

Resistance Levels: $32,500, $35,000, $37,500 Support Levels: $27,500, $25,000, $22,500 BTC/USD – Daily Chart Daily chart shows crypto cost properties in a range region well above grade $27,500 support. The 14-day SMA trendline is below the 50-day SMA trendline. Stochastic oscillators have unified into overbought territory before. And they have briefly moved lower against the 80 range, attempting to subtly close their lines to the north near it to indicate an upside force is playing.

Will the BTC/USD Market Prolong Trading in a Range-Limited Region? A lack of momentum from both trading engines would allow crypto economic cost properties to remain in a range-reduced region for a long time to come. As things stand, $27,500 remains the critical support degree where the bulls have to fire to build energy to make or retake a move higher, as the cost tends to break further south. A sudden break in the cost line for a long duration stance below it will jeopardize the likelihood that long stance takers will turn against the knockdown force at any time.

On the downside of technical study, the BTC/USD market trading outlook at present does not strongly suggest a haven to take advantage of an active spring from a trading point lower at today's range bound boss. That said, the magnitude of the downtrend force has billed to redo near the 14-day SMA indicator trend line to resurface after the cost tries to recover later. Therefore, the launch of buying policies should be developed with the highest commercial start of the best management of the position. BTC/USD 4-hour chart The BTC/USD medium-term chart shows crypto-economic cost properties in a narrow range region. In a more distinct analytical conversation, the range viewpoint has a prominent horizontal line drawn at a degree of resistance at $32,500 and a lower horizontal line drawn at a degree of support at $27,500. The 50-day SMA is above the 14-day SMA on both horizontal lines to affirmatively indicate that the crypto economy is trading in a range against the US dollar. Stochastic oscillators remain in the overbought zone, clogging the inside lines. That shows that indecision is wearing thin now The 50-day SMA is above the 14-day SMA on both horizontal lines to affirmatively indicate that the crypto economy is trading in a range against the US dollar. Stochastic oscillators remain in the overbought zone, clogging the inside lines. That shows that indecision is wearing thin now The 50-day SMA is above the 14-day SMA on both horizontal lines to affirmatively indicate that the crypto economy is trading in a range against the US dollar. Stochastic oscillators remain in the overbought zone, clogging the inside lines. That shows that indecision is wearing thin now

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