Cryptocurrency Opinion and Analysis
Bitcoin Update: Weak Trendline Support Looming
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.
BTC/USD Daily Chart
