Bitcoin's Price Struggles Below $27K Amid Market Volatility and Inflation Fears.
TL;DR Summary
Bitcoin (BTC) hit lows of $26,519 on Bitstamp after the daily close, with little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility. Popular trader Crypto Ed considered the potential for upside topping out at $27,500, while fellow trader Crypto Tony urged caution until $27,500 returned. Financial commentator Tedtalksmacro flagged favorable macro conditions for Bitcoin to move, while popular trader Moustache was equally upbeat about a Bitcoin copycat move based on bullish signals from the S&P 500.
- Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’ Cointelegraph
- Bitcoin Lingers Under $27K to Continue Its May Sluggishness Amid Inflation Concerns CoinDesk
- Bitcoin Price Falls Below $27,000. Key Levels to Watch Now. Barron's
- Crypto Price Analysis Jun-2: ETH, XRP, ADA, BNB, and LTC CryptoPotato
- Bitcoin recaptures $27,000 following market reprieve: CryptoSlate wMarket Update CryptoSlate
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