Although data from Cointelegraph Markets Pro and TradingView revealed that the bulls maintained the rise, comments from analysts were surprising.
Popular trader Daan Crypto Trades noted that $72,000 currently represents the biggest resistance zone for BTC.
âThe price revealed a major cluster around $67.4K but there are still some major levels near $68K. From ~$72k most of the liquidity is in this area,â he wrote in part of his post on X, along with a chart from CoinGlass.
More opinions came from the famous Trader Credible Crypto about the latest BTC price movement. An X post on May 17 suggested that the rally was almost complete and BTC should retest $60,000 or lower. âI think we will at least label the 59-60K region at this point,â he cautioned next to a chart.
âThe blue zone at $62-63k is still an interesting area, maybe it can provide temporary relief, but I think it will collapse eventually.â