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Bitcoin price hits $27.2K, but new analysis warns more losses 'likely'

Published 05/14/2023, 01:00 PM
Updated 05/14/2023, 10:20 PM
© Reuters.

Bitcoin (BTC) sought to recover $27,000 into the May 14 weekly close as volatility picked up out of hours.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $27,200 on Bitstamp.

BTC/USD annotated chart. Source: Michaël van de Poppe/Twitter
CME Bitcoin futures annotated chart. Source: Daan Crypto Trades/ Twitter
BTC/USD annotated chart. Source: Rekt Capital/ Twitter

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Latest comments

Wow 2023 is not 2019 great observation. Btc is not going to go up unless it goes over 27,200K. Its not going to go down unless it goes below 27K lmao great analysis 👏 👌 bravo
Some random nobody ranting on twitter is not analysis
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