May brings a series of pivotal events that could significantly influence the trajectory of Bitcoin and the broader crypto market. These events, ranging from regulatory decisions to economic indicators, appear capable of profoundly swaying market dynamics. Related Reading: Bitcoin Slips But These 3 Metrics Point To A Solid, Healthy Bull Market Regulatory And Economic Indicators […]
“Everyone who wanted to buy into the halving mostly has,” said Capriole Fund founder Charles Edwards.
A market indicator is flashing that Bitcoin is now firmly in a “high risk” zone — a sign it could be in the early stages of a bull market, says Glassnode.
K33 analysts, however, warn that institutional traders may look to take profits following the forecasted approval.
Short sellers have lost more than $6 billion trying to bet against crypto stocks in 2023.