Bitcoin (BTC) attempted to surpass $27,000 on May 13, following a dip to new two-month lows caused by a "scam wick." Traders are closely monitoring BTC's ability to maintain the $26,500 level, with some suggesting that it is a crucial line in the sand. While some traders believe that BTC's recent daily candle has been positive, others are concerned about a lack of bid liquidity and buying from major whale classes. The 200-week moving average remains a key factor in determining the bullish thesis going forward.
All Comments