Dollar to determine the next step - Breakthrough or collapse in the future?
In the midst of a temporary market halt, the price of Bitcoin (BTC) has dropped by 2% in the past twenty-four hours. The largest cryptocurrency by market capitalization is oscillating between major resistance and support levels, with some analysts indicating the possibility of Bitcoin experiencing volatility in the short term.
■ The price of Bitcoin stabilized near its all-time high
On Wednesday, Bitcoin, along with the rest of the cryptocurrency markets, saw a slight decline ahead of the release of the Federal Open Market Committee (FOMC) meeting minutes on May 6 and 7.
The leading cryptocurrency fell by 2.7% from $110,000 at the daily opening to a multi-day low of $107,107, indicating investor caution.
It is noteworthy that Bitcoin experienced a significant increase of 15% over the past month, currently recording $BTC #TradingTypes101 #ElonMuskDOGEDeparture #BinanceAlphaAlert $BNB $SOL in a symmetrical triangle pattern on lower timeframes, with the upper limit between $109,000 and $110,000.
