Bitcoin Monthly Close: $69,000 Resistance Level Remains Key

IconCryptoNewsTerminal Staff31 May, 2024

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Bitcoin Monthly Close: $69,000 Resistance Level Remains Key

A crypto market data expert has explained that Bitcoin's monthly close for May is coming up, with a key level being $69,000. He said that BTC needs to reclaim $69,000 as support in order for the bullish outlook to remain intact. What's important is the monthly close, as BTC has struggled with the $69,000 resistance level for the past three months. A monthly close above this price point would be a positive sign.