BTC price wipes weekend gains after Bitcoin loses 7% in May.
Bitcoin price thus finished May down 7%, data from monitoring resource CoinGlass shows — something of an average performance for a highly varied month.The largest cryptocurrency is so far 5.5% lower in Q2, meanwhile, a stark contrast to Q1 gains of over 70%.Analyzing multiple timeframes, trading suite Decentrader saw little reason to expect an abrupt trend change yet.
Warning of"moderately bearish" or"declining" signals on its proprietary trading instruments, it flagged downside support levels tied to key moving averages ."Liquidity wise, Bitcoin is still straddling. Downside is currently protected by the 200WMA. Upside, all meaningful liquidity is above $30k," it
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