BTC – Will the Uptrend or Downtrend Win?
Bitcoin all time history index INDEX:BTCUSD
Since $25k/early May we remain above a rising support. Ideally we continue to respect it (around $29.5k today), but this volatility is remarkable at times with whales playing games swinging the market around; and the US Dollar Index ( DXY ) is showing a return to strength the past few days, adding bearish pressure to Bitcoin .
The chart has key levels marked that bulls will want to respect or recover. If you scroll up a little more you can see an expanded view with additional levels noted. Ideally we hold this level at $29.x but if we lose it, I’d look for support along $28.9k or $28.5k.
