Thursday, May 27, 2021 - 17:09
Bitcoin futures are trading up by 1.24% as of 2 PM EST, and are pegged at $39,090. BTC futures are butt up against resistance residing at $40,000 and looks poised to re-test support at $30,000. The recovery from the lows at $30,000 seems to have lost steam and was short lived so we are expecting lower prices and viewing the recent recovery most likely as a dead cat bounce.