Bitcoin Rangebound; Support at $27K, Resistance at $33K

Bitcoin Rangebound; Support at $27K, Resistance at $33K

The relative strength index (RSI) on the daily chart is rising from oversold levels, but remains capped below the 50 neutral mark. A move above 50 in the daily RSI would confirm a brief recovery in price. For now, upside appears to be limited, initially toward the $33,000-$35,000 resistance zone.

Originally Posted on: https://www.coindesk.com/markets/2022/05/24/bitcoin-rangebound-support-at-27k-resistance-at-33k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes

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