HomeUncategorizedBitcoin price sets new May high above $29.5K as traders eye breakout By Cointelegraph

Bitcoin price sets new May high above $29.5K as traders eye breakout By Cointelegraph

May 5, 2023

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(BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play.

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

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked to $29,529 on Bitstamp — a new May high.

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
BTC/USD chart fractal comparison. Source: Trader Tardigrade/Twitter
BTC/USD annotated chart. Source: Ninja/Twitter