Bitcoin (BTC) is priced at $33,900 with a 4.4 percent gain in the morning hours. When we examine the chain data, when we look at the net flow to the exchanges in the daily period, although there is a BTC outflow from the exchanges, when we look at the 7-day average, we see that the transfer of BTC to the exchanges is dominant. Although this situation does not make us nervous for now, the amount transferred from exchanges to wallets should increase for the continuity of a healthy rise.
When we look at the BTC / USDT parity technically, Bitcoin, which had high intraday volatility yesterday, has withdrawn to its lowest level of $28K as of last January. With the strong support it found at these levels, it is priced again in the band of $30K – $40K. When we examine it in the daily period, as of May 19, while there is a decrease in the daily closings, the RSI is on the rise. This showing that the trend is on a reversal is confirmed by yesterday’s close being on the plus side. BTC, which rises above the 432K – $33K resistance zone again, will continue its upward movement unless it falls below this zone again.
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