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BTC price preps 'most parabolic phase' — 5 things to know in Bitcoin this week
Bitcoin starts a new week pressuring key resistance as the May monthly close looms. BTC price action is keeping bulls on their toes, as old all-time highs prove hard to flip to resistance. Can $69,000 fall by June? A quiet start to the week sees Memorial Day in the United States keep institutional activity off the table until May 28. Later, however, macroeconomic catalysts heat up in the form of U.S. data prints, which, as always, form a key focal point for crypto and risk assets. Meanwhile, Bitcoin has its own hurdles to contend with — consolidation below all-time highs has been ongoing for over two months, and a ... (full story)