Source: Cryptopolitan25 May 2021 22:46
From the $59,000 high, the market lost almost 50 percent until support was found at the $30,000 mark on the 19th of May.
After a brief move to retest the $42,000 previous support as a resistance, the market moved lower once again. Yesterday a strong higher low was set at the $32,000 mark, indicating that bears are slowly losing control.
However, when considering that a strong higher high is yet to bet set, the Bitcoin price could move to set another lower low below $30,000 later this week. Alternatively, if a higher low is set above the $30,000 support, we expect a much more severe several-day reversal later this week.