Market Analysis of Bitcoin on Thursday, May 27, 2021

2021-05-27 15:30Source:BtcDana

BITCOIN


The total global market value is $19120.15 billion, 24H increase of +6.38%, 7 day increase of +1.81%. Amongst them, the market value of BTC is $734.641 billion, accounting for 38.42% of the global market value, and the price is $39,200 (+2.57%). BTC contract holding are ¥22.838 billion, compared with the previous day +1.31%. BlackRock CEO: Researching BTC and other cryptocurrencies, cryptocurrencies may play a role in long-term investment. From a technical point of view, the pressure on the Bitcoin range will continue. The above 42,000 points have not been promoted, and the market bulls still lack confidence. H4 graph shows the formation of a rectangle structure, and the indicator is in the position of long-short exchange. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 42000.

 https://asset.ycxfy.com/upload/file/1622044800000/1622104557505.png

Resistance:40000-41000-42000

Support:37000-35200-34000


Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.


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