Bitcoin’s price slipped once again as May came to its end, and thus the asset registered its first losing month since the start of the year. Looking at the end of it, one can see that it failed to breach the resistance levels at $27,500 despite several attempts. Moreover, the last one, which came on Monday, saw the asset jump to $28,500 following the debt ceiling deal by the US government. However, that was short-lived, as the cryptocurrency retraced to under $27,500 by Wednesday. It managed to stay north of $27,000 at first, but the past 24 hours brought another leg down. This time, bitcoin fell to a multi-day low of $26,600.
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