Bitcoin (BTC) was a little overjoyed at the weekend, as the May 22 weekly close seemed to be about $ 30,000.
Waiting for bitcoin to “make a decision”
Data from Cointelegraph Markets Pro and TradingView tracked the BTC / USD pair as it was within a narrow range after Wall Street trading week.
With no volatility, traders expected to move to larger support or resistance areas soon.
“Still stuck between supply and demand zone … Looking forward to breaking out today so we can take some absorbing action,” he said. abstract Crypto trader Tony was noted, noting that the upside and downside targets were around $ 27,900 and $ 31,000 respectively.
Time for #Bitcoin make a decision? pic.twitter.com/DEfNhuvnYa
– Matthew Hyland (@MatthewHyland_) May 21, 2022
Time for #Bitcoin to decide? pic.twitter.com/DEfNhuvnYa
– Matthew Hyland (@MatthewHyland_) May 21, 2022
Michaël van de Poppe, meanwhile, contributed to Cointelegraph declared that he was expecting “green numbers for bitcoin” in the coming weeks.
If it closed at current levels of $ 30,000, the BTC / USD pair would seal the eighth consecutive red candle on the weekly chart.

The week of the World Economic Forum could also be overshadowed by external market turmoil, with Cointelegraph noting that the S&P 500 had already fallen 20% from its peak to officially enter bear market territory .
Another famous Twitter account, PlanC, however, noted the correlation between bitcoin and stocks reductions compared to previous months.
Bitcoin Pizza Day is here
Other price news, however, turned to attention as May 22 marked the infamous Bitcoin pizza Day.
See also: Bitcoin Pizza Day Gets Time Back: A Tribute to Strange and Fantastic BTC Purchases
On May 18, 2010, Laszlo Hanyecz, one of the first bitcoin miners, bought two pizzas for a total of 10,000 BTC, saying at the time that he could also sell his stash for about $ 41.
Hanyecz’s gesture has become legendary, and his original post on the Bitcointalk forum is still there today.
Trading at less than $ 0.0005 per coin so bitcoin has appreciated about 1.38 billion percent since then to reach a record high of $ 69,000 eleven and a half years later.
According to a dedicated monitoring resource, the Bitcoin Pizza Index, Hanyecz’s purchase was worth $ 295 million as of May 22nd.

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