Bitcoin ‘finally’ due for $32.8K as long-term BTC price metric flashes overvalued

Bitcoin ‘finally’ due for $32.8K as long-term BTC price metric flashes overvalued

Bitcoin (BTC) briefly returned to $30,000 before the May 25 Wall Street open as range adherence lingered.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Trader: BTC should challenge 2-week highs

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD managing to hit $30,189 on Bitstamp before consolidating back under the $30,000 mark.

While appearing uninspiring at first glance, Bitcoin on low timeframes was a source of fresh interest for Cointelegraph contributor…


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