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🔹Reviews of Cognitive Society
On May 17, Bitcoin fell back to the lowest point of 64,600 and was close to the support level of 65,000 in the article of Cognitive Society yesterday.
On May 16, Bitcoin surged to 66,800, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
Why is it so obvious?
On May 16, Bitcoin rebounded to 66,600 and then fell back to 64,500, which is consistent with what the Cognitive Society said that Bitcoin 66,600 is a strong pressure point and it is unlikely to stabilize at once.
However, the buying power of Bitcoin spot ETF is too strong, and Bitcoin may reach 72,000 or even 78,000.