Bitcoin May Faces Potential Downturn Amid PMI Data
May 31, 2026 at 16:39
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✦ AI Summary
- Bitcoin is projected to drop by 3% in May
- US PMI data next week could impact BTC prices positively
- Market sentiment remains cautious despite upcoming economic indicators
Bitcoin is anticipated to close May with a potential decline of approximately 3%. However, upcoming US Purchasing Managers' Index (PMI) data may provide a catalyst for a price surge in the following week.
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