HomeUncategorizedBitcoin traders offer downside targets as BTC price risks sub-$25K dip By Cointelegraph

Bitcoin traders offer downside targets as BTC price risks sub-$25K dip By Cointelegraph

May 10, 2023

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© Reuters

(BTC) treaded water below $28,000 on May 9 as markets prepared for macroeconomic data releases.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting near $27,700 at the day’s Wall Street open.

BTC/USD annotated chart. Source: Michaël van de Poppe/Twitter
BTC/USD annotated chart. Source: Crypto Tony/Twitter
Bitcoin Realized Price UTXO Age Bands chart. Source: CryptoQuant