3 weeks ago
12
Key Takeaways
- BTC at $79,246 on the monthly chart, up 3.80% with 13 days remaining.
- Monthly SMA50 at $58,969: key support for bulls, H&S target for bears.
- RSI at 50.09, bounced from 43, signal at 58.83.
- H&S confirmed, target $59,000, neckline retest active.
- Long-term uptrend channel and monthly SMA50 both intact at time of writing.
What the monthly chart shows
The BTC/USDT monthly chart shows Bitcoin at $79,246, up 3.80% on the month with the candle open at $76,346 and a high of $82,850 reached earlier in May. The monthly low sits at $76,320, meaning the candle has held above it through 17 days of the month.
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