According to QCP Group, Bitcoin is currently trading within a defined range, with major support identified at $60,000 and resistance at $68,000 as of May 19, 2025 (source: QCP Group Twitter). The analysis notes that recent macroeconomic events and ETF flows are contributing to heightened volatility, making these levels crucial for short-term crypto trading strategies. QCP Group advises traders to monitor these technical zones closely as a break above or below could trigger significant price action in the broader cryptocurrency market.

According to Michaël van de Poppe, cryptocurrency market movements are largely influenced by macroeconomic events rather than internal crypto factors. Van de Poppe suggests that upcoming geopolitical developments, particularly those involving Trump and China, could lead to significant market shifts with potential for gold prices to decline and cryptocurrency prices to rise. This highlights the importance for traders to monitor international news closely as it could provide trading opportunities or risks in the crypto space.

According to Milk Road, the latest tweet highlights a critical development in the cryptocurrency market, focusing on trading strategies that are currently gaining traction. The tweet suggests keeping an eye on Bitcoin and Ethereum for potential volatility due to upcoming macroeconomic events. Traders are advised to adjust their positions accordingly.

According to Crypto Rover, Bitcoin is expected to experience high volatility next week due to its recent high correlation with key macroeconomic events. This correlation suggests that traders should prepare for significant price movements as economic indicators are released. Source: Crypto Rover (@rovercrc).