The Price of BTC moved back above the critical support level of $29,000 last Friday (May 13th) after dipping as low as $25,500 on the previous day. While BTC has yet to show signs that a recovery is on its way, the pause in the major selling pressure after an extended low seems to mirror the action seen exactly one year ago. Last year in mid-May, Bitcoin fell roughly $30,000 in just two weeks, losing about 50% of its value in that short, brutal time frame. What followed two months of loose consolidation at prices comparable to the current market print before rallying to a new ATH. While it is indeed much too early to ... (full story)