May 16, 2026

BTCUSD ! Medium term

BTCUSD ! Medium term

BTCUSD ! Medium term

BTCUSD ! Medium term

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
RLinda


BTCUSD ! Medium term

BTCUSD idea for the medium term is as follows:
There is a strong level on the chart, from which a strong rollback to 47500 followed. This is the level of 34000. The ascending price channel was broken down earlier.

Bitcoin is stuck in a strong sideways range between 64929 and 30247,
is trading from resistance to support and is now in the lower half of that range. Since the price is heading towards support, I think that the 34000 zone is strong enough and it will not be possible to break through it the first time.

I think that Bitcoin , after testing the level of 34000, will form a false breakout and allow the price to roll back to the upper limit of the range.
Sincerely, R. Linda!

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