Bitcoin Price Analysis — May 22
Bitcoin remained in a sideways bias over the weekend between the lower-30K area and the 
29K support. The benchmark cryptocurrency remained solidly above the 29K support, further galvanizing assertions that BTC has seen its bottom in the recent crash.
Having remained steady over the weekend, we could see positive moves for the flagship cryptocurrency and the broader market in the coming week. The target remains a sustained entry above the
31K pivot level, followed by a return to the top of the 100-day EMA, which determines the near-term trend of the crypto asset.
Meanwhile, my resistance levels are at $30,000, $31,000, and $32,000, and my key support levels are at $29,000, $28,000, and $27,000.
Total Market Capitalization: $1.28 trillion
Bitcoin Market Capitalization: $569.8 billion
Bitcoin Dominance: 44.5%
Market Rank: #1
29K support. The benchmark cryptocurrency remained solidly above the 29K support, further galvanizing assertions that BTC has seen its bottom in the recent crash. Having remained steady over the weekend, we could see positive moves for the flagship cryptocurrency and the broader market in the coming week. The target remains a sustained entry above the
31K pivot level, followed by a return to the top of the 100-day EMA, which determines the near-term trend of the crypto asset. Meanwhile, my resistance levels are at $30,000, $31,000, and $32,000, and my key support levels are at $29,000, $28,000, and $27,000.
Total Market Capitalization: $1.28 trillion
Bitcoin Market Capitalization: $569.8 billion
Bitcoin Dominance: 44.5%
Market Rank: #1
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