Price Predictions for May 20: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI.

The rapid recovery of Bitcoin after its drop during the Asian session shows that bulls see every dip as a buying opportunity, as BTC approaches new all-time highs.

Price Analysis

Key Points:

The rejection of Bitcoin at $107,000 shows that sellers are active at higher levels, but the recovery from the intraday low indicates strong buying.

Strategy and Metaplanet continue to accumulate Bitcoin, adding constant buying pressure to the BTC price.

Some altcoins have pulled back but have not yet entered negative territory.

Bitcoin's Attempt

BTC

€93,979

to challenge the all-time high faced strong rejection near $107,100 on May 19, signaling that bears are unwilling to give up without a fight. However, the long tail on the candle shows strong buying at lower levels.

Short-term uncertainty has not deterred long-term buyers from accumulating more Bitcoin. Strategy, previously MicroStrategy, announced the purchase of 7,390 Bitcoin at an average price of approximately $103,500, raising its total to 576,230 Bitcoin.

Similarly, the Japanese investment firm Metaplanet stated on May 19 that it acquired 1,004 Bitcoin, increasing its total to 7,800 Bitcoin. #BinanceAlphaAlert