Bitcoin analysis, May 27
Bitcoin analysis : May 27
Bitcoin continues its slow agony, having been touched the 7200.
The trend remains for the downside. Bitcoin does not really manage to get out of the 7000 to 7600 zone because the bears have the hand.
It can be tempting to strengthen on these very low levels. Only do it if you think that the price paid is intrinsically worth it.
We can see on the chart the bearish gap of the weekend, clearly showing that things have not improved in the last two days.
We are clearly in a period of uncertainty and it is more prudent, for the moment, to remain a spectator. In case of a new fall, in the direction of 6000, the cost price would become very interesting because we could legitimately see a rebound.
Until then, be careful. This article is not an investment advice but a simple personal opinion.
