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Evening update for Bitcoin -29-05-2026
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Evening update for Bitcoin -29-05-2026
May 29, 2026 12:08 PM

Bitcoin (BTCUSD) surged higher during its recent intraday movements, recovering all todays losses, however the price remains stable below the key resistance at $74,000, with a negative and dynamic pressure that comes from its trading below EMA50, with the dominance of the bearish corrective trend on the short-term basis, and the trading alongside supportive trend line for this path, which threatens any quick recovery attempts in the near upcoming period, especially with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels.

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