Bitcoin bulls grill sellers as Japan debt woes send gold past $3.3K
Key points:Bitcoin and gold move higher in step amid jitters over Japan’s debt problem reach “boiling point.”$108,000 remains a keen target for Bitcoin bulls amid ongoing corporate buying.Some still see the current BTC price uptrend coming to an abrupt end.Bitcoin (BTC) kept up pressure on $108,000 at the May 21 Wall Street open as a trader flagged multiple bearish divergences.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin joins gold in Japan debt reactionData from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to near the top of its intraday range as the US trading session began.After its highest-ever daily close, BTC/USD looked increasingly primed for a rematch with all-time highs just above $109,000.
Key points:
Bitcoin and gold move higher in step amid jitters over Japan’s debt problem reach “boiling point.”
$108,000 remains a keen target for Bitcoin bulls amid ongoing corporate buying.
Some still see the current BTC price uptrend coming to an abrupt end.
Bitcoin (BTC) kept up pressure on $108,000 at the May 21 Wall Street open as a trader flagged multiple bearish divergences.
Bitcoin joins gold in Japan debt reaction
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to near the top of its intraday range as the US trading session began.
After its highest-ever daily close, BTC/USD looked increasingly primed for a rematch with all-time highs just above $109,000.
