Is this the week Bitcoin finally ends its losing streak? While things are starting off strong, analysts are divided. (Reporting via WilliamSuberg)
“Not sure if we should be very bullish here on BTC + ETH,” fellow trader and analyst Crypto EdHe pointed to thin weekend volumes supporting the bounce, suggesting that higher levels did not have the bid interest required to cement themselves as new support yet.
“Once again a great example to be cautious over the weekend. Too often you get played on thin order books hence I prefer to not open new positions over the weekend.”CME Bitcoin futures 1-hour candle chart. Source: TradingViewWith United States markets closed for a public holiday on May 30, it will be up to Europe and Asia to dictate the day’s mood.
Monetary tightening from the Fed and other central banks has not only got stock traders down but has ignited talk of a major recession as the price economies pay.
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