Key points:
BTC price action retargets $105,000 after the Wall Street open, rising 2.5% from the day’s lows.
Volatility continues, leading market participants to varying conclusions over what will happen to BTC/USD next.
Perspectives include the Bitcoin bull market being in its final stages.
Bitcoin (BTC) sought a rebound from a 4% dive at the May 19 Wall Street open as traders diverged on bull market strength.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView$106,000 becomes BTC price zone to watch
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $104,500, up 2.5% from the day’s low.
The pair had seen flash volatility around the weekly close, which although the highest ever recorded swiftly saw bulls lose control.
Now, opinions differed about when, or if, new all-time highs would come.
“This is exactly what Bitcoin needs to be doing,” an optimistic Rekt Capital wrote in part of