Bitcoin defied expectations in May and is now on track for a monthly gain of more than 12%.

The recent rise can be attributed to renewed interest in cryptocurrency ETFs.

Bullish technical signals indicate that Bitcoin may surpass the $70,000 resistance level in June.

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After starting the month of May on a bad note, Bitcoin has defied recession expectations and is currently poised to close the month up 12%+.

This positive performance comes after a period of consolidation in the first quarter, where Bitcoin found strong support at around $61,000 per week. While the uptrend was initially halted by selling pressure near $70,000, the past three weeks have seen this resistance area tested several times#Binance #bitcoin #BTC #solana $BNB $ETH $BTC