Bitcoin is edging closer to a rematch with final resistance around all-time highs past and present. Market participants are focused on whether it will reach $69,000 and $73,800 in the coming days amidst various factors contributing to bullish continuation. With cues from the Federal Reserve and U.S. economic policy, the path for BTC price action is being closely monitored. Traders are increasingly confident in a local bottom and anticipate upside after a period of consolidation. A refreshing divergence between prices and sentiment may suggest a more sustainable journey to price discovery. Cointelegraph examines the issues surrounding Bitcoin markets for the upcoming week.
Keyword: Bitcoin, BTC, TradiFi markets, resistance, all-time highs, Federal Reserve, U.S. economic policy, bullish continuation, consolidation, price discovery, market participants, local bottom, Federal Open Market Committee, U.S. jobless claims, Fed macro week, liquidity conditions, crypto bull run, Bitcoin ETFs, U.S. spot exchange-traded funds, demand, exchange BTC reserves, Crypto Fear & Greed Index, market sentiment analysis
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Last edited on: May 20, 2024 at 03:30 pm