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Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K

Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.

By Damanick Dantes
Updated May 11, 2023, 4:27 p.m. Published Nov 19, 2021, 7:23 p.m.
Bitcoin weekly price chart shows long-term uptrend with positive momentum in first panel and RSI declining from overbought levels in lower panel.
Bitcoin weekly price chart shows long-term uptrend with positive momentum in first panel and RSI declining from overbought levels in lower panel.

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BTCBTC$117,018.55◢0.48%