Wild Weekend for Bitcoin Price? US Lockdown Loosens on Memorial Day

Cointelegraph

Published May 23, 2020 02:39AM ET

Updated May 23, 2020 04:20AM ET

Since dropping below the ascending channel trendline to $8,815 on May 21, Bitcoin (BTC) price has recovered 4.78%. BTC/USD continues to meet resistance at the 20-day moving average, obstructing traders’ desire to push the price above $9,300.

Crypto market weekly price chart. Source: Coin360

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