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The bitcoin price last week remained in the range between US$28,000 and US$32,000, with no set direction in the near term, corroborating the aspects identified in the analysis published on June 2.

Short term

But according to Transfero’s Research team, from the perspective of the weekly chart, the trend is still bearish.

According to experts, the asset is experiencing a lateralized rest, a period of price contraction. We are in the second week after nine lows, formed by a weak, undefined candle.

Long term

With weakness on the buyers’ side, it is possible to see a new bearish directional move in the coming weeks. Transfero assesses that if this does not materialize, there is a possibility of a resumption of buying strength, up to the US$35,000 range.

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