Although Bitcoin has generally fallen in May in the last 3 years, uneasiness prevailed in the market at the beginning of this year. However, throughout the month, Bitcoin showed a gradual rise with reaction buying coming from the $56,500 band, and it looks likely to close May with an increase of over 10%. With the end of the positive trend in April, BTC's technical analysis focuses on the short-term uptrend and possible resistance levels. However, it is emphasized that negative economic data from the USA may pose a risk. Technically, the $67,000 level is being watched as the first support, and below this level, the $65,500 level is indicated as a secondary support. On the other hand, among the factors supporting the rise in the cryptocurrency market, the expectations and transactions regarding crypto ETF trading have a great impact. However, it is warned that factors outside the sector may disrupt the upward trend, especially if inflation data from the USA is negative. In conclusion, although Bitcoin's technical outlook is positive, external factors need to be taken into account and investors should be careful.
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