BTC price action has its doubters after swiftly jumping to new May highs, but some see Bitcoin continuing upward momentum into price discovery.
Bitcoin circled $66,000 on May 16 after United States macro data sparked a risk-asset surge.
Data from Cointelegraph Markets Pro and TradingView followed BTC price action as bulls attempted to cement 7.5% gains from the day prior.
These had come as the April print of the Consumer Price Index (CPI) narrowly beat expectations, fueling bets of easier financial conditions for crypto and risk assets going forward.
