Cryptocurrency Opinion and Analysis

Bitcoin Update: Weak Trendline Support Looming

05/08/2022

Less than a minute

2022.05.08 08:41

Technical analysis is not an exact science; even more so in crazy volatile bear markets like the one unfolding in Bitcoin (BTC).

The thesis about BTC’s diversification from the equity market took another big hit in the last few weeks.

Looking at the chart, a weak-looking trendline support is lurking below.

Bitcoin Update: Weak Trendline Support Looming BTC/USD Daily Chart

05/08/2022

Less than a minute

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