BTC / USD analysis 05/21/2021


Against the backdrop of fundamental data, Bitcoin quotes fell to the $ 30,000 area, after reaching record highs in the area of ​​$ 65,000. Technical analysis shows that at the level of $ 30,000 (61.8% Fibo) and (MA200) crossed on the daily timeframe.
Bitcoin is currently trading at around $ 40,000.
If the quotes go below $ 30,000, technically it will mean the transition of the correction to the downward movement with the nearest target in the $ 20,000 area.
The nearest resistance is the level of $ 43,800. If quotes go above $ 44,000, technically, it will mean a possible rise above $ 50,000 and the development of an uptrend towards the $ 65,000 maximum area.

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