Bitcoin Stays Flat on U.S.Holiday,Momentum Pauses but Bullish Trend Continues
On May 26,bitcoin’s trading session remained calm as U.S. markets took a break for Memorial Day.
Bitcoin’s price did not change much over teh session. It hit $110,000 in the middle of the day but came back down by evening. The trading volume was low, as expected during a holiday. The price moved between $108,706 adn $110,474, showing a range of about 1.6%. This suggests traders are waiting to see what happens next.
Still, the positive outlook for Bitcoin remains. According to Aziz Zamani, a crypto analyst, technical charts still show Bitcoin moving toward $120,000. He believes that as long as Bitcoin stays above $106,500, the trend is in favor of buyers. The current pause seems like a natural part of the ongoing upward movement.
There were some macroeconomic factors that could affect the market but remained untested due to the holiday. President Trump delayed a 50% tariff on EU imports, moving the deadline from June 1 to July 9. This news eased fears of a trade conflict, making investors feel better.
Now, attention is on U.S. economic data coming up this week. Significant reports include consumer confidence on Tuesday,GDP on Thursday,and inflation figures on Friday. these could give clues about Bitcoin’s future direction.
