<\/p>\n
Bitcoin\u2019s trading session on May 26 was quiet as the Dow and all other U.S. indices closed to observe Memorial Day.<\/p>\n
Bitcoin (BTC) ended the U.S. trading session virtually where it began despite some intra-day swings. The leading cryptocurrency by market cap pushed above the $110,000 mark around midday, but the gains were erased by the afternoon. Trading volume was lower than usual, as one would expect during a U.S. holiday session. Still, the intraday range of around 1.6% from Bitcoin\u2019s daily low of $108,706 to a high of $110,474 might indicate traders are stuck in a wait-and-see approach.<\/p>\n
The bullish case for Bitcoin technically remains unchanged. As noted by crypto.news analyst Aziz Zamani, technical analysis still points to a move towards the $120,000 level. He writes:<\/p>\n
\nThe bullish market structure remains intact. From the key swing low at $91,500, Bitcoin has consistently carved out higher lows and higher highs which represents signs of a strong trend. As long as $106,500 continues to hold, momentum remains with the bulls. The current pause in the market appears to be a consolidation within an uptrend rather than a reversal or topping pattern.<\/p>\n<\/p>\n<\/blockquote>\n
Several macroeconomic and news factors that may have played a role had Monday not been a holiday could set the tone for the rest of the week. Over the weekend, U.S. President Donald Trump announced a delay in imposing a planned 50% tariff on European Union imports, pushing the deadline from June 1 to July 9. The his last-minute postponement eased immediate fears of a U.S. \u2013 Europe trade war and appeared to improve risk sentiment<\/p>\n
Eyes are now on key U.S. data releases due later in the week. Notably, consumer confidence data will be released on Tuesday, followed by a GDP report on Thursday, and inflation figures on Friday.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin\u2019s trading session on May 26 was quiet as the Dow and all other U.S. indices closed to observe Memorial Day. Bitcoin (BTC) ended the U.S. trading session virtually where…<\/p>\n","protected":false},"author":1,"featured_media":977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=976"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/976\/revisions"}],"predecessor-version":[{"id":978,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/976\/revisions\/978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/977"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}