ETFs
Bitcoin (BTC) News Today: BTC Climbs as BTC-Spot ETFs Eye Next Fed Moves
The resilience of the US BTC spot ETF market has been remarkable in May. However, ETHSpot ETF market news should also be considered.
Technical analysis
Bitcoin Analysis
BTC stayed comfortably above 50 and 200 days EMAsending bullish price signals.
A BTC breakout above the $69,000 resistance level would support a move towards the all-time high of $73,808.
SEC activity, market sentiment toward the Fed’s rate path, and discussions related to the BTC spot ETF market should be considered.
Conversely, a fall in BTC past the 50-day EMA could give the bears a run at the $64,000 support level.
With a daily RSI of 53.55, BTC could return to the all-time high of $73,808 before entering overbought territory.