Bitcoin Trend Analytics May 12th – still in the downward channel

Bitcoin / TetherUS BINANCE:BTCUSDT

BitMidas

BTC is still in a downward channel . When CPI stats failed short of the expectation, the financial market began to drop.

BTC therefore fails to hold up on $30k for 3 days. The price still pushes and pulls around it.

It’s critical to monitor if the support of the downward channel can be held before June 1st.

Refer to the tp given in the chart.

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