BTC Consolidates Below $29K but is This the Calm Before the Storm? (BItcoin Price Analysis)

BTC Consolidates Below $29K but is This the Calm Before the Storm? (BItcoin Price Analysis)


Crypto Potato
2023-05-03 14:46:13

Bitcoin’s price has been consolidating between the 50-day moving average at $28,310 and the $30K resistance region. However, it seems likely to break out of this decisive range, determining its upcoming rally’s direction. Technical Analysis By Shayan The Daily Chart After finding support at the 50-day moving average of roughly $27K, the price started a