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Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’ By Cointelegraph

Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’

(BTC) value continues to limp decrease as merchants in the U.S. hit the BBQ to get pleasure from the upcoming Memorial Day vacation on May 31 and controlled futures and choices markets like the CME are closed by means of the weekend.

Data from Cointelegraph Markets Pro and TradingView exhibits that after a quick try by Bitcoin (BTC) bulls to rally above $37,000 in the early morning hours on May 29, the value has tumbled beneath $34,000 as the help wanted for a transfer increased didn’t manifest.

4-hour chart. Source: TradingView
Bitcoin 4-hour chart. Source: Decentrader
4-hour chart. Source: Decentrader