Market overview
Bitcoin (BTC): $66,770.85 (-0.54%)
Bitcoin Dominance: 55.90%
Fear and greed Index: 70 (greed)
WHAT HAPPENED?
Last week, we saw a continuation of the upward movement in bitcoin. The maximum growth was about 11%.
WHAT WILL HAPPEN: OR NOT?
We're currently in the sell area of $66,000-$66,600 (accumulated volumes). There is no strong sell reaction, but the buyer is not trying to gain a foothold higher at the moment, so locally you can get a decrease through the weakness of buys.
The global scenario is still a long one.
Sell zones: $69,400-$71,000 (seller's market aggression and absorption of buys), $71,800-$72,500 (volume zone).
Buys should be considered from the zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies).
IMPORTANT DATES
There are many significant macroeconomic events waiting for us this week:
• Wednesday, May 22, 6:00 (UTC) — UK Consumer Price Index for 2023;
• May 22, Wednesday, 14:00-14:30 (UTC) — index of prices for the sale of housing in the secondary market and reporting on U.S. crude oil reserves;
• May 22, Wednesday, 18:00 (UTC) — publication of the minutes of the FOMC meeting;
• May 23, Thursday, 12:30-14:00 (UTC) — the number of initial applications for unemployment benefits, business activity indices and the price index for the sale of new housing in the United States.
*This post is not a financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 55.90%
Fear and greed Index: 70 (greed)
WHAT HAPPENED?
Last week, we saw a continuation of the upward movement in bitcoin. The maximum growth was about 11%.
WHAT WILL HAPPEN: OR NOT?
We're currently in the sell area of $66,000-$66,600 (accumulated volumes). There is no strong sell reaction, but the buyer is not trying to gain a foothold higher at the moment, so locally you can get a decrease through the weakness of buys.
The global scenario is still a long one.
Sell zones: $69,400-$71,000 (seller's market aggression and absorption of buys), $71,800-$72,500 (volume zone).
Buys should be considered from the zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies).
IMPORTANT DATES
There are many significant macroeconomic events waiting for us this week:
• Wednesday, May 22, 6:00 (UTC) — UK Consumer Price Index for 2023;
• May 22, Wednesday, 14:00-14:30 (UTC) — index of prices for the sale of housing in the secondary market and reporting on U.S. crude oil reserves;
• May 22, Wednesday, 18:00 (UTC) — publication of the minutes of the FOMC meeting;
• May 23, Thursday, 12:30-14:00 (UTC) — the number of initial applications for unemployment benefits, business activity indices and the price index for the sale of new housing in the United States.
*This post is not a financial recommendation. Make decisions based on your own experience.
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