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Bitcoin Slips as Relief Bounce Loses Steam, Support at $27K

Long-term momentum remains negative, capping upside moves in price.

Updated May 11, 2023, 3:37 p.m. Published Jun 1, 2022, 6:43 p.m.
Bitcoin daily price chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
Bitcoin daily price chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)