According to Mars Finance, Bitcoin entered a range around $73,500 over the weekend of May 31. If the current level is maintained, Bitcoin will register a decline of about 3% in May. Next week’s U.S. labor market data will be an important variable affecting risk assets, including ISM Manufacturing PMI, ADP employment data, and the non-farm payroll report. Andre Dragosch, Head of European Research at Bitwise, said that if Bitcoin continues trading in line with economic growth and risk appetite, it will be valued higher than its current level. Trader Rekt Capital said that $73,000 is now a key support level. If Bitcoin closes above this level on the weekly chart, it will make it easier to confirm a double-bottom pattern and drive the next upward trend $BTC

BTC-2.15%
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