(5/28, Fri) btc repeated the move of the previous day once more and closed -1.9% down

Yesterday(5/27 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $39254, its lowest as $37143, its highest as $40444, its closing as $38515. Bitcoin began to decline after the start of Thursday, reached a low at 03:15, and then began to rise as the buying volume increased, reaching a peak at 13:15, and then falling again, closing -1.9% decline.

Looking at the 4-hour chart, it showed a pattern that broke through $40000 and closes above the 50MA support line, very similar to it of the previous day. In this situation, even a small piece of news may move bitcoin to a large extent, so caution should be needed.

The reason for the small Bitcoin movement may be that the Nasdaq Index has been locked in box range for two months in the financial market due to inflation, tapering, and tax hikes issues. And another reason could be that the $1.8 billion bitcoin option is due to expire today. If this is the case, we can expect a big move around the weekend.