Breaking

ETH futures flash bearish signal, but stakers’ resilience points to underlying strength Bitmine Immersion Technologies Announces Initial Dividends and NYSE Listing for Series A Preferred Stock Wall Street and crypto are crashing into each other as tokenized treasury markets hit $14.6 billion Wall Street is moving past crypto pilots and deeper into Ethereum, says Etherealize founder

Trading View May 11, 2022

Has Bitcoin Bottomed Out??

Has Bitcoin Bottomed Out??

Has Bitcoin Bottomed Out??

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

quantguy

Bitcoin appears to have bottomed out for now at $30K or so. Recall that we were able to wick into the $29K’s, but this was quickly bought back. We seem to be forming a narrow range, bouncing back and forth between our levels at $30.2K and $32.3K. The Kovach OBV is still bearish , but $30K is a strong psychological and technical level. If we are able to break out from here, then $34K is the next target after crossing the vacuum zone. If we fall further, and are able to break $30K, then $28.8K is the next target.

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