HomeUncategorizedBitcoin holds 200-week average as trader says ‘inflection point’ is here By Cointelegraph

Bitcoin holds 200-week average as trader says ‘inflection point’ is here By Cointelegraph

May 28, 2023

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© Reuters

(BTC) held its most recent gains into May 27 as traders called for a change in “bearish” market sentiment.

1-hour candle chart on Bitstamp. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it entered the weekend at around $26,700.

BTC/USD 1-day candle chart on Bitstamp with 100-day, 200-week MA. Source: TradingView
BTC/USD annotated chart. Source: Rekt Capital/ Twitter