Bitcoin price approaches key support levels to avoid 'cascade south'

Cointelegraph

Published May 27, 2022 10:54AM ET

Updated May 27, 2022 04:40PM ET

Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView confirmed volatility once again waning in a frustrating week's price action.

Bitcoin supply in profit vs. BTC/USD annotated chart. Source: CryptoQuant

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