$BTC

In recent months, the cryptocurrency has received a boost from more companies adding it to their corporate treasuries and lawmakers working towards passing pro-crypto legislation.

Bitcoin trades nearly 50% above its early April low and has gained 19% on the year, roughly matching the returns of Magnificent Seven members, Nvidia (NVDA) and Microsoft (MSFT) over the same period. 

Below, we take a closer look at the technicals in bitcoin’s chart and identify major price levels worth watching out for.