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Price analysis 5/22: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB
Bitcoin jumped up sharply on May 20, but the price remains inside a range. Typically, traders sell when the price nears the overhead resistance, but the inflows into the spot Bitcoin exchange-traded funds show that buying continues. Farside Investor’s data shows total inflows of $500 million into the spot Bitcoin ETFs on May 20 and 21. However, several analysts are concerned about Bitcoin’s short-term price action. Bollinger Bands creator John Bollinger told his X followers that Bitcoin’s formation suggests a short-term consolidation or a pullback. Similarly, trading resource Material Indicators cautioned that ... (full story)