BTC/USD traded in a range of $35,769.94 – $36,216.95, indicating mild volatility over the last day.
Bitcoin price action saw a higher high set early in the week as the $39,000 mark was broken on 4 May 2022.
BTC/USD reversed quickly from there, dropping over 10 percent in less than 24 hours until the $35,500 mark.
This Bitcoin price action development indicates that a reversal should soon form.
Bitcoin price analysis is bullish today as we have seen rejection for further downside turn into consolidation over the last 24 hours.