BTC price action shows sensitivity to Mt. Gox events, leaving $69,000 unclaimed as new support — to the frustration of Bitcoin bulls.
Bitcoin (BTC) saw four-day lows into the May 28 Wall Street open after holiday BTC price action deceived bulls.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering below $68,000 after spiking to weekly highs.
The trip to $70,600 during the Memorial Day holiday in the United States came without institutional involvement, for example in the form of demand for the spot Bitcoin exchange-traded funds (ETFs).
