Breaking

‘The Worst Is Behind Us’: Bitcoin Market Conditions Mirror FTX Bottom, Analysts Say Bitwise Donates $233K of Bitcoin ETF Profits to Open-Source BTC Developers Crypto stocks rally as Trump, regulators signal pro-crypto policy shift Crypto’s new run ‘has legs’ says analyst citing Trump’s press on policy, institutional adoption

Trading View May 16, 2022

BTC outlook for 16 May 2022.

BTC outlook for 16 May 2022.

BTC outlook for 16 May 2022.

Bitcoin / TetherUS BINANCE:BTCUSDT

WickFillerDude

BTC starting the week off with a strong bearish push but no top wick which is a good indication that a possible rejection from support may occur during this week to finally retest the 31,5k level. If BTC manages to close above the strong resistance zone establish around 31,3k I do believe it can continue pushing upwards with multiple resistances along the way (R1, R2 and R3). On the other hand, if BTC manages to close below the strong support zone of 29k I believe it will continue dropping back towards 26k.

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