BTC outlook for 8 May 2022.

8 במאי 2022

BTC currently trading at a very strong support zone with the weekly wick zone created around the 21st Feb. If BTC continues to respect this level we could see a bounce back towards the next resistance zone around 37k. On the other hand if BTC breaks below this wick zone I do believe we will continue back down towards the next support zone around 33k.