Bitcoin Price Outlook: Analysts Eye Resistance Below $70K Amid Consolidation Expectations

Bitcoin's price consolidation below $70,000 persists, with analysts foreseeing potential resistance levels in the short term. Despite brief surges past $69,500, BTC/USD remains constrained by familiar resistance zones, with liquidity concentrations noted around $68.3K and $69.8K. Analysts emphasise the significance of flipping $69,000 to support for bullish momentum, particularly aiming for a weekly close above this level to target $73,000. However, with United States markets closed on May 27 for Memorial Day, the trajectory remains uncertain. While Bitcoin has exited the post-halving "danger zone," attention shifts to resistance above $71,000, where historical data suggests continued consolidation between $60,000 and $70,000 for several more weeks, potentially resulting in a red monthly close for May.