Bitcoin maintains $67K, with 10% month-to-date gains, but faces potential 10% price drop and resistance at $70K.
Bitcoin clings to $67K, with bulls holding the week's upside and month-to-date gains above 10%. However, analysis warns of a potential 10% price drop. Bitcoin resistance levels crystallize around $70,000, while concentrations of liquidity focus on $66.5k and $67.8k. Despite doubts, traders believe Bitcoin is holding up its price strongly, questioning the speculations of a deep correction.
May 19, 2024
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