Bitcoin bulls prep $97K resistance showdown as gold dips 8% from highs

Bitcoin attempts to punish shorters with relentless higher highs on low timeframes, trading places with gold, which follows commodities downhill.

Bitcoin (BTC) gained 3% on May 1 as a new month saw shorts struggle to keep price pinned.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $96,955 on Bitstamp, its highest since Feb. 22.

Increasingly close to six figures, Bitcoin rose with US stocks at the Wall Street open as Microsoft gained 10% to become the world’s highest-valued public company.

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