Bitcoin Holds Steady Around $34K as Traders Eye Key Weekly, Monthly Closes

Bitcoin (BTC) held steady around $34,000 as traders awaited the important weekly and monthly candle closes.

Some analysts say BTC has "plenty of fuel" to reach $40,000, while others identify some bearish signals around $34,000.

Bitcoin has outperformed the S&P 500 considerably over the past month, up 36% vs USD compared to the S&P's 16% gain.

Breaking through $32,000 resistance is seen as a big deal, with the weekly and monthly closes above it pivotal.

Analysts suggest the last hope for bears is keeping the weekly and monthly closes below $32,000.