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Bitcoin bulls should 'be careful with longs' as BTC price risks $100K breakdown

cryptoweekly by cryptoweekly
May 19, 2025
in bitcoin, News
0

A potential inverse head-and-shoulders pattern suggests Bitcoin could retest $91,000 before any meaningful bullish breakout resumes.

Key takeaways:

Bitcoin dropped over 4.5% on May 19, confirming a bearish divergence and threatening a break below $100,000.

Analysts highlight $97,000–$98,500 as key support that the bulls must hold.

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  • Nobitex source code leaked after $100M hack by pro-Israel group
  • South Korea to investigate fees by local crypto exchanges
  • Nobitex source code leaked after $100M hack by pro-Israel group
  • South Korea to investigate fees of local crypto exchanges
  • Binance’s CZ suggests ‘will function’ to distribute crypto in case of death
  • Need ChatGPT’s help? It could be making you dumber
  • Ohio House passes bill allowing up to $200 tax-free crypto payments

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