The price is moving in a bearish scenario and trying to hold onto the lower boundary of the triangle. It is possible that bearish pressure will continue in the coming weeks due to Cryptoquant data on decreasing miner reserves in May.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.