BTC price breakout due ‘relatively soon’ as Bitcoin volumes spook traders

Cointelegraph

Published May 26, 2022 05:40AM ET

Updated May 27, 2022 07:40AM ET

Bitcoin (BTC) disappointed bulls on upside prior to the May 26 Wall Street open as BTC/USD returned under $29,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView tracked an uninspiring day for Bitcoin, with $800 of losses coming in a single hourly candle several hours before the start of trading.

BTC/USD 1-week annotated chart. Source: Rekt Capital/ Twitter (NYSE:TWTR)

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