Bitcoin (BTC) current price range between $27K and $33K remains intact after several weeks of negative returns. Upside could be limited because of long-term negative momentum.Read MoreFeedzy
BTC is up by 4% over the past 24 hours and is down by 1% over the past week. That suggests the current price range remains intact, which is typical after several weeks of negative returns.
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 Monday after reaching extreme oversold levels on May 9.
Still, momentum remains negative on the weekly and monthly charts, which means an upswing in BTC could be limited. The next resistance zone is between $33,000 and $35,000.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
CryptoQuant’s 30-day apparent demand indicator is negative, signaling that buyers aren’t absorbing the available supply…
ASST climbs 133% in three months as Strive grows holdings to 16,500 BTC and explores…
Digital asset investment products shed $1.47 billion in a single week — the second consecutive…
Your day-ahead look for May 26, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The bitcoin price chart is forming a potential lower high while ether languishes in a…
Heavy supply concentration and large options positioning continue to suppress volatility and keep bitcoin range-bound.Read…