# 📈 Bitcoin Weekly Analysis, May 13, 2024

By [edysee](https://paragraph.com/@chenases) · 2024-05-13

---

[#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hashtag_click) is currently trading around the $63,000 mark, continuing to experience medium-term sideways movement bounded by a support zone of $59,500–$61,800 and a resistance zone of $65,800–$68,000. This range is crucial for the continuation of the upward [#trend](https://twitter.com/hashtag/trend?src=hashtag_click). Should buyers manage to secure a position above the $68,000 mark, [$BTC](https://twitter.com/search?q=%24BTC&src=cashtag_click) could be on its way to test the resistance levels of $71,000–$72,700, potentially approaching or even surpassing its all-time high. Conversely, if the price dips below $60,000, the [#coin](https://twitter.com/hashtag/coin?src=hashtag_click) may revisit the buyer's zone at $54,500–$57,000.

---

*Originally published on [edysee](https://paragraph.com/@chenases/bitcoin-weekly-analysis-may-13-2024)*