Cryptocurrencies, blockchain, NFT and new trends

Bitcoin price hits $27.2K, but new analysis warns more losses ‘likely’


Bitcoin (BTC) sought to recover $27,000 into the May 14 weekly close as volatility picked up out of hours.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $27,200 on Bitstamp.

BTC/USD annotated chart. Source: Michaël van de Poppe/TwitterCME Bitcoin futures annotated chart. Source: Daan Crypto Trades/ TwitterBTC/USD annotated chart. Source: Rekt Capital/ Twitter

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