Bitcoin (BTC) remained within a narrow trading range on May 20 despite comments from Jerome Powell, Chair of the Federal Reserve, about policy and inflation.
While Powell's language did not provide clear signals for risk assets, BTC/USD briefly saw volatility before returning to a familiar range. Traders on Twitter predicted that a fresh volatility was only a matter of time and that a breakdown was due, with some cautioning about a potential big sell-off.
However, others forecast that the range would stay in place until the start of the new macro trading week.
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