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BTC price performance looks limp on the last day of May, with the 200-week moving average rapidly coming into view. Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close . BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Analyst: Bitcoin reaching "crucial area" Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make or break point for the short-term trend. “Crucial area approaching here for Bitcoin and dipped into it,” Michaël van de Poppe, founder and CEO of trading firm Eight, summarized. “If this zone sustains as support & Bitcoin will be able to reclaim $27,500, everything looks like we'll continue the upwards trend. Drop beneath $26,600 and we'll see new lows.” BTC/USD annotated chart. Source: Michaël van de Poppe/ Twitter Trader Skew added that spot buy liquid...