Bitcoin bulls start Memorial Day blitz on $110K — Will spot follow when US markets open?
Bulls launched a futures market-driven attack on BTC’s $110,000 resistance level as US markets are closed for Memorial Day. Will spot volumes follow on Tuesday?
Key takeaways:
Bitcoin price is capped at the $110,000 level due to sellers and a decrease in spot volumes. Leverage use is driving current rallies into this resistance level.
Traders are watching today’s volumes to see if an emerging intra-day trends are followed at the US open on May 27.
