Bitcoin Nearing Downside Exhaustion Signal

Jun 2, 2022

Bitcoin (BTC) pared earlier gains after buyers took some profits below the $33,000 resistance level. The cryptocurrency could find support, initially at $27,500 and then at $25,000. For now, BTC is roughly one week away from registering a downside exhaustion signal. “All About Bitcoin” host Damanick Dantes breaks down the Chart of the Day.

Up Next

05:37

Consensus 2024: All Eyes on Regulation

May 31, 2024

10:29

Consensus Heads to Toronto in 2025

Jun 11, 2024

10:49

Citi's Exploration Into Crypto and the Metaverse

Jun 6, 2024

06:17

Crypto Needs 'More Enforcement': Former White House Official Carole House

Jun 5, 2024

09:47

Visa Is the 'Bridge' Between Payment and Blockchain Technologies: Head of Crypto

May 30, 2024

View all

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.