Could Bitcoin (BTC), which stepped under $ 30 thousand in May, have started a new season for price action?
Looking at the crypto history in general, the months of May have not been very positive for Bitcoin (BTC). BTC, which lost buyers while entering May or in May, seems to have repeated this action in 2023. BTC, with a monthly opening price of less than $ 30,000, also brought anxiety to the crypto investor. How is the graph progressing for BTC, which has made big drops in this time frame of the past years?
Bitcoin (BTC) Chart Analysis
As of the writing of the news, BTC, which found buyers at $ 28,010, returned from a critical support point. In BTC, where buyers again dominate at $ 27,600, the important support point is $ 27,200. If the 27,200 support fails to protect, downsides to the $25,200 level are likely. The leader of cryptocurrencies, which started May with a loss of power, needs to exceed important levels if it wants to rise again.
BTC, which is currently below its weekly and monthly opening price, must exceed these values for its upward climb. Persistence on these values, which is close to $ 29,180, will be one of the key elements of the $ 30,000 journey. In the case of 30,000 dollars, we can witness a great struggle between the bulls and the bears. The winner of this war will have a say in the direction of BTC.
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