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Bitcoin price analysis (BTC) 05/25/2020



Bitcoin today breaks the trend line that we marked as an important point in our previous analysis and goes up to $ 8,700 near the 23% Fibonacci level, although we are in a rebound area, this does not seem to be due to the low volume of trade and the state in which we have the RSI at the moment.

It would be a bit healthier and less risky to look for a rebound in the 200-period EMA or even close to 38% Fibonacci at $ 7,700 although the latter seems to be quite a far point currently.


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