Duong says that from a price-chart perspective, bitcoin is in a “no-man’s land” with the next major technical support at the 200-week moving price average around the $22,000-23,000 area. “If things were to deteriorate further, the next line of support would come at around $20,000, which was the all-time high in the previous 2017/2018 cycle,” according to Duong.
Source: https://www.coindesk.com/business/2022/05/16/first-mover-americas-may-brings-showers-not-flowers-as-bitcoin-languishes-in-terra-aftermath/?utm_medium=referral&utm_source=rss&utm_campaign=headlines