HomeUncategorizedBitcoin losing its 200-week trendline puts $20K in play — BTC price analysis By Cointelegraph

Bitcoin losing its 200-week trendline puts $20K in play — BTC price analysis By Cointelegraph

May 26, 2023

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© Reuters.

(BTC) returned above $26,000 on May 25 after an overnight dip offered a retest of recent lows.

1-hour candle chart on Bitstamp. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in its range from the day prior, having recovered from flash weakness after the daily candle close.

Binance order book data overview. Source: Skew/Twitter
BTC/USD annotated chart. Source: Rekt Capital/Twitter