![Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode](https://i0.wp.com/static.news.bitcoin.com/wp-content/uploads/2024/05/df678000-768x432.jpg?resize=640%2C360&ssl=1)
As of May 22, 2024, bitcoin is trading at $69,952, navigating a recent intraday range of $69,211 to $71,422. Despite a tumultuous period, bitcoin has shown resilience with an 11.9% increase over the past week and a 5.9% rise over the past month. Bitcoin Bitcoin’s 1-hour chart reveals a significant decline from a peak of […]