Bearish Bitcoin mostly flat today, trading at $26,833

Having lost $2,770 over 18 days, Today is looking a bit better: after dropping down to $26,568, Bitcoin recovers some losses and is currently trading at $26,833.

Bitcoin's upper Bollinger Band® is at $29,077 and the lower is $25,855. Bitcoin is approaching key support, around $98.66 away from $26,735. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite muted price action in Bitcoin, chart analysis indicates it is positioned for a bullish run in the short term.

While Bitcoin is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54% to $1.36. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States New Home Sales (Apr) will be released tomorrow at 14:00 UTC. United States Services PMI is expected tomorrow at 13:45 UTC. United States Building Permits is scheduled for tomorrow at 12:00 UTC.

Trending downwards for around a month. Bitcoin has gained 62.52% since its lowest print of $15,759 earlier this year.