Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.

With volatility back in play, traders nonetheless remain conflicted. Can short-timeframe strength lead to an overall trend breakout?

Opinions differ as May ends and brings a macroeconomic showdown that is already making itself felt: the United States debt ceiling deal.

With an agreement to raise the ceiling and avoid a U.S. government default almost here, risk assets may see relief across the board. However, since stock markets are closed until May 30, it will be a game of “wait and see” for Bitcoin traders to start the week.