Bitcoin

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The weekend has started positively for most coins, according to <a href="https://u.today/xrp-price-prediction-for-may-3" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="4df4d614-e139-4a1a-bc1f-4371fadbb61f" src="https://u.today/sites/default/files/inline-images/top10_1094.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has risen by 3.29% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="b43cda02-0bc9-4e50-91e1-e757554a1bb9" src="https://u.today/sites/default/files/inline-images/btc1_193.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC might have set a local resistance level at $64,522. As most of the daily ATR has been passed, any sharp moves are unlikely to happen by the end of the day. <img data-entity-type="file" data-entity-uuid="01b2660a-c99a-4486-9b18-2461b2bc638c" src="https://u.today/sites/default/files/inline-images/btc2_174.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the rate of the main crypto has once again bounced off the $64,310 level. If the bar closes far from it, bears may again seize the initiative, which can lead to a correction to the $62,000-$63,000 zone soon. <img data-entity-type="file" data-entity-uuid="90034d61-b340-42df-95c0-2a0a9ecf8b54" src="https://u.today/sites/default/files/inline-images/btc3_173.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the price of BTC has made a false breakout of the support level of $59,440. However, it is early to think about a fast reversal as the coin has not accumulated enough energy for that.
In this case, ongoing sideways trading in the zone of $62,000-$66,000 is the more likely scenario.
Bitcoin is trading at $63,728 at press time.

Bitcoin (BTC) Price Prediction for May 4

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