Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode

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May 22, 2024 Bitcoin.com 0

Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode

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Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode

May 22, 2024 Bitcoin.com

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Source: Bitcoin.com

As of May 22, 2024, bitcoin is trading at $69,952, navigating a recent intraday range of $69,211 to $71,422. Despite a tumultuous period, bitcoin has shown resilience with an 11.9% increase over the past week and a 5.9% rise over the past month. Bitcoin Bitcoin’s 1-hour chart reveals a significant decline from a peak of […]