Bitcoin's Quiet Holiday: Memorial Day Sees Crypto Giant Tread Water

BTC Hovers Amidst U.S. Holiday Lull

On May 26, as the Dow and every U.S. index shut down for Memorial Day, Bitcoin barely budged. The king of crypto kicked off and wrapped up the U.S. trading session almost at the same spot, despite some rollercoaster vibes during the day.

Bitcoin shot up past the $110,000 mark just after lunch, but by the time afternoon rolled around, those gains were toast. With trading volume lower than a limbo stick, it was no shock during a holiday session. Yet, Bitcoin's dance from a low of $108,706 to a high of $110,474, a swing of about 1.6%, had traders on the edge, waiting to see what's next.

Bullish Vibes Still Strong?

The bulls aren't backing down just yet. Crypto whiz Aziz Zamani spilled the tea, saying the technical charts are still screaming a charge towards the $120,000 zone. He's all in on the bullish market vibe, pointing out:

From that sweet swing low at $91,500, Bitcoin's been on a roll, notching up higher lows and higher highs. That's the kind of pattern that screams strength. As long as that $106,500 level stays firm, the bulls are calling the shots. What we're seeing now? Just a breather in an uptrend, not a flip or a flop.

What's Next After the Holiday?

If it hadn't been a holiday, Monday might've been rocked by some big news. Over the weekend, President Donald Trump pulled a last-second move, pushing back a planned 50% tariff slam on EU imports from June 1 to July 9. That move chilled out fears of a U.S. – Europe trade war and boosted the risk mood.

Now, all eyes are glued to the U.S. data drops coming up this week. Tuesday's consumer confidence numbers, Thursday's GDP report, and Friday's inflation stats? They're the big shows that could set the stage for what's coming next in the crypto world.