Bitcoin Weekly Forecast: BTC clings to support, on-chain met

Bitcoin Weekly Forecast: BTC clings to support, on-chain metrics show sellers' onslaught


May 14, 2021 13:46 GMTCrypto News
Bitcoin price has underperformed this week as it crashed roughly 21% between May 12 and 13.
MoneyGram’s partnership with Coinome adds a tailwind to Bitcoin adoption.
The BTC mining industry seems to have come into the spotlight.
Bitcoin price underwent a severe nosedive as Elon Musk revealed Tesla’s decision on accepting payment in BTC. This development was the major highlight of the week, with the recent mining difficulty adjustment coming in at a close second. As BTC price hangs in the balance, most on-chain metrics hint that another crash could be heading the pioneer cryptocurrency’s way.
Tesla pulls the plug, but demand continues rising

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