BTC outlook for 26 May 2022.
BTC still ranging. This is what I'm looking our for in the near future.
1) For the bulls: I would like to see BTC break the major resistance zone around 31,6k and close above this zone for further continuation towards the next resistance zone (R1) around 34,3k.
2) For the bears: BTC is respecting current support around the 28k level. If BTC manages to break this major support zone I believe we would see it continue falling down towards the next major support zone around 26k.
1) For the bulls: I would like to see BTC break the major resistance zone around 31,6k and close above this zone for further continuation towards the next resistance zone (R1) around 34,3k.
2) For the bears: BTC is respecting current support around the 28k level. If BTC manages to break this major support zone I believe we would see it continue falling down towards the next major support zone around 26k.
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