Bitcoin Holding Support Above $27K; Resistance at $35K-$40K

Bitcoin Holding Support Above $27K; Resistance at $35K-$40K

Further, BTC registered a countertrend reversal signal on the daily chart, per the DeMARK indicators. That means selling pressure could wane over the next few days as buyers return from the sidelines. Another daily close above $30,000 would confirm the countertrend signal, although there is a low chance of significant upside from here.

Originally Posted on: https://www.coindesk.com/markets/2022/05/12/bitcoin-holding-support-above-27k-resistance-at-35k-40k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes

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