Technical analysis by benztradeinfo about Symbol BTC: Buy recommendation (5/27/2024)

Bitcoin is approaching a critical zone on the chart, and it is necessary to wait and see if a break of structure will occur. The trend on the lower time frame is currently bullish. However, on the larger picture, as seen on the daily time frame, it remains bearish. Notably, Bitcoin is positioned above all key moving averages (MA20, MA50, MA100) , which is a bullish signal. The support zone is at 68,500 . We are heading into an interesting week ahead. tradingview.com/chart/ay7ORTlJ/?symbol=BITSTAMP:BTCUSD