Bitcoin: 'True blue-chip cryptocurrency' Experts praise bullish market as BTC recovers

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Bitcoin: 'True blue-chip cryptocurrency' Experts praise bullish market as BTC recovers

Mr Kopelman said: “Crypto’s trajectory in May has been shaky, to say the least following the Luna collapse, coupled with general turmoil in the fin

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Mr Kopelman said: “Crypto’s trajectory in May has been shaky, to say the least following the Luna collapse, coupled with general turmoil in the financial markets.

“The steep decline rocked investors’ confidence but there’s reason for cautious optimism, with the market closing the month strongly, with hopes that this momentum will roll over into June.

“Bitcoin is hovering around $31,000 for the first time since the May 12 crash – a hike of nine percent over the last week.

“If the price continues upwards, we will see the next resistance of $34,500 being tested – a level which served as support at the beginning of 2022.”



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