Chart of the day - BITCOIN (16.05.2022)

Following a relief run on Friday and during the weekend, recovery move on Bitcoin took a pause today. Bitcoin as well as other cryptocurrencies are pulling back amid an overall weaker performance of risk assets. Weaker data from China led to a deterioration in market moods that impacted digital assets as well.

Taking a look at BITCOIN chart at D1 interval, we can see that the most famous cryptocurrency managed to defend its $29,000 support area at the end of last week and began a recover move. However, this advance was halted today after a failed attempt of breaking above the $31,000 area. All of the early gains were erased and price has once again dipped below $30,000. In case the $29,000 support zone is breached, downward move may deepen towards the psychological $25,000 area that served as an ultimate support during a sell-off last Wednesday.

Source: xStation5

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

10 February 2026, 9:57 AM

🚨 Bitcoin drops to $69,000 📉 A 1:1 correction scenario?

9 February 2026, 1:47 PM

Market wrap: Novo Nordisk jumps more than 7% 🚀

9 February 2026, 9:54 AM

Crypto news: Bitcoin falls below $70k 📉Will crypto slide again?

Crypto

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