Why Bulls Are Watching BTC Closely

In a May 14 podcast, trader Cryptoinsightuk tied his bullish thesis to a combination of macro catalysts, including ongoing crypto regulation efforts, improving U.S.-China relations and shifting Federal Reserve leadership expectations.

He added that Bitcoin remains trapped in a critical decision zone between roughly $84,000 and $94,000. Negative BTC funding rates, low search trends point to bearishly positioned traders and weak retail interest despite the recent price rebound.

A confirmed breakout above that range could trigger aggressive short liquidations and force sidelined traders back into the market, potentially accelerating upside momentum rapidly.

Benzinga