BTC price nears $60K showdown: 5 things to watch in Bitcoin this week

Cointelegraph

Published May 03, 2021 04:47AM ET

Updated May 03, 2021 06:20AM ET

Bitcoin (BTC) is challenging familiar but significant all-time highs as a new week gets underway, rallying to $58,000 on Monday.

After a surprise rally on Friday, the largest cryptocurrency saw a slow comedown through much of the weekend. This turned on its head overnight on Sunday, however, and now BTC/USD is back fighting resistance near $60,000.

U.S. dollar currency index (DXY) 1-day candle chart. Source: TradingView
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC/USD buy and sell interest (Binance). Source: Material Indicators
Cryptocurrency market cap dominance chart. Source: CoinMarketCap
Ethereum NVT ratio annotated chart. Source: Glassnode/Twitter
Crypto Fear & Greed Index. Source: Alternative.me

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