Bitcoin has been up for five days in a row, gaining $131.6 to reach $26,832.

Bitcoin posts light gains on a low-volatility day, ranging between $26,630 – $26,832 and is now at $26,832.

On the flip side, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

As the trading day comes to an end, chart analysis indicates after reaching the known resistance zone beginning at $26,841, Bitcoin price action retreated approximately $9.31. Concerning technical analysis and more specifically, trend indicators, Bitcoin made an initial breakout above its 10 day Simple Moving Average at $26,800, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Bitcoin's upper Bollinger Band® is at $27,500, this is a slight indication of a slowdown.

All in all, the technical analysis suggests Bitcoin has no clear-cut direction.

Bitcoin shows positive signs, other assets are also on par: FTX Token soars 9.54% to trade around $1.36. Solana gained 5.53% and is now trading at $20.44. TRON is up 2.37% to $0.077.

Trending downwards for around a month. Bitcoin has managed to gain 61.56% so far this year despite trading at lows around $15,759 previously.