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BTC bulls get 'biggest signal' — 5 Things to know in Bitcoin this week

cryptoweekly by cryptoweekly
May 12, 2025
in bitcoin, News
0

Bitcoin is on the cusp of repeating its October 2024 breakout, onchain technicals suggest, as a new week begins with a push to near $106,000.

Bitcoin (BTC) launches into US CPI week with new multimonth highs as traders dig in for volatility.

BTC price action is giving increasingly bullish signals, joined by a key cross on the weekly MACD indicator.

The weekly close fell just short of expectations, raising doubts over whether price discovery will return in the immediate future.

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Recent Posts
  • US sanctions crypto wallet tied to ransomware, infostealer host
  • SEC approves conversion of Grayscale's large-cap crypto fund into ETF
  • SOL ETF news gain evaporates, while chart warns of another 20% drop
  • Bitcoin at risk of deeper drop as BTC slips below key support levels
  • US regulator considers simplified path to market for crypto ETFs
  • Connecticut governor approves law prohibiting crypto use in government
  • Bitcoin analysts say market quickly absorbs selling, paving way for a bullish July

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