Technical analysis by lil_Buuck about Symbol BTC: Buy recommendation (5/13/2022)

A move down to 25,400 was a perfect opportunity for buyers as we can see BTC have printed a Bullish Doji candle. BTC hit the lower band, which has shown that it is time to scoop up the sats. Bitcoin also landed perfectly on the vwap from the corona bottom and also the 200 weekly moving average. We also see divergence on the volume indicator which could indicate a good time to get ready for a move up. All in all - a move up to 40K seems rather likely. From there BTC might meet a lot of resistance and a selloff is expected and a double bottom could be formed in the next couple of weeks.