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Bitcoin Price Outlook 26 May 2021 - Prior CME expiration

4 080
Price of Bitcoin stabilize below $40000, looking for correction from down move towards 50-ish zone. Now price still inside curved area and might touch the resistance of curvature.

Take a look at indicators here on pic below
스냅샷

RSI showing nice Bullish divergence
but Price remain below DMA200 and DMA100
taking this 2 factors give us opportunity to see price rebound upside towards 50-ish zones to retest DMA100.

In fact there is CME futures contract expiration period for trades opened above $20000 and $30000, so seems like institutional traders fix their profits now.


Best regards
Artem Shevelev

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