Actual-time research of the chart of bitcoin presentations that, as of early-Might 2024, there was once a lack of intermediate-term momentum in step with momentum signs just like the MACD (Transferring-Reasonable-Convergence-Diversion), which has a bearish crossover. The lack of momentum means that bitcoin is in a corrective section that are supposed to persist for a minimum of any other few weeks. Drawback chance may also be framed through the then help at the chart, close $51,500, which is outlined through a 38.2% Fibonacci retracement of the uptrend off the 2022 low and reinforced through a emerging 200-day transferring reasonable.
