Bitcoin's Price Volatility Continues Amidst Market Pullback and Analysis Predicting More Losses
TL;DR Summary
Bitcoin's price has risen by 7.5% since Friday, reaching $27,200 on Bitstamp, but analysts warn that a weekly close below $27,550 could lead to further losses. Traders are cautious, with some demanding bullish reclaiming of levels around $27,000 before considering long positions. Meanwhile, there is potential for a "gap" in CME Bitcoin futures markets to appear at the May 15 open.
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