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Bitcoin is back above $71,000 and currently sits at $71,346. Sentiment has once again flipped bullish, with growing anticipation that Bitcoin might finally be preparing to break through $73,000 and push on to new highs.
Bitcoin heads to the May monthly close with consolidation ticking down to what new BTC price analysis calls its "most parabolic phase."
Bitcoin faces stiff resistance and may need "several weeks" before a BTC price breakout, says new analysis.
Bitcoin, Ethereum and several memecoins are the star performers this week, but charts suggest a handful of altcoins intend to follow.
BTC broke below the $68,000 level, falling 5.38% to trade at $66,700. What's causing this sell-off in the crypto markets?