Bitcoin key support and resistance levels to watch for a possible breakout
Bitcoin (BTC) revisited the $70,000 price zone in a bullish seven days, powered by macroeconomic indicators and overall positive sentiments in the cryptocurrency market. Finbold looked for insights on key support and resistance levels to watch for in the last week of May. Notably, Bitcoin has been trading in a well-defined range since March, from $60,000 to $72,000. During this time, BTC has made two brief deviations—of two days each—from the price range. One in mid-March made an all-time high at $73,805, and the other in early May flash-crashed to $56,590. Therefore, the $60,000 and the $72,000 levels remain the most important support and resistance to watch for. A breakout, followed by confirmation with increased volume, from any of these levels would bring a more aggressive move. Picks for you Tether mints another $1 billion USDT this w...