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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, ...
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Bitcoin cleared the $70,000 psychological barrier on May 27 after a three-day struggle. This suggests that the bulls remain in control. However, some analysts do not believe a breakout is likely in the near term. Analyst Rekt Capital highlighted that the post-halving reaccumulation phase typically lasts for 160 days. Hence, Bitcoin may remain sideways for a ...