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BTC price ‘bull trap’ at $76.5K? Five things to know in Bitcoin this week

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 9 Views

BTC price ‘bull trap’ at $76.5K? Five things to know in Bitcoin this week

Bitcoin started the week with a dip toward new May lows as ongoing BTC price pressures included "collapsing" US bond markets.

Bitcoin (BTC) starts a new week under pressure as support levels fade and macro gloom intensifies.

Key points:

Bitcoin felt the pressure as the new weekly candle began, dropping to $76,500 — its lowest levels since May 1, per data from TradingView.

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