Bitcoin Bounces Above $27K-$30K Support Zone; Resistance at $33K-$35K

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Bitcoin Bounces Above $27K-$30K Support Zone; Resistance at $33K-$35K

The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. For example, the 14-day relative strength index (RSI) returned above the 50 neutral mark on Monday after reaching extreme oversold levels on May 9. www.coindesk.com

The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. For example, the 14-day relative strength index (RSI) returned above the 50 neutral mark on Monday after reaching extreme oversold levels on May 9.

www.coindesk.com