Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Coins from the top 10 list are bouncing back, according to <a href="https://u.today/toncoin-ton-price-prediction-for-may-30" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="4849b68d-751b-4e78-b3d1-d606e3f0ba1d" src="https://u.today/sites/default/files/inline-images/top10_1150.png">Top coins by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The price of Bitcoin (BTC) has increased by 1.24% over the past day. <img data-entity-type="file" data-entity-uuid="33e46747-5b87-4ce5-8d57-2571445aee5b" src="https://u.today/sites/default/files/inline-images/btc1_198.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the rate of BTC is trading below the local support of $68,282. Until the price is below that mark, bears are more powerful than bulls. If the situation does not change by the end of the day, the correction may continue to the <a href="https://u.today/bitcoin-btc-price-prediction-for-may-29" rel="noopener noreferrer nofollow">$68,000 zone</a>. <img data-entity-type="file" data-entity-uuid="149e2584-1c12-4807-9545-ba1cbc602566" src="https://u.today/sites/default/files/inline-images/btc2_181.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daliy chart, the price of the main crypto is far from the key levels. This means that neither bulls nor bears are dominating. All in all, traders are likely to expect ongoing consolidation in the area of $67,500-$69,500 within the next few days. <img data-entity-type="file" data-entity-uuid="bde527b4-40ba-4815-88ce-686968f4a4ca" src="https://u.today/sites/default/files/inline-images/btc3_178.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar situation can be seen on the weekly time frame. Buyers may start thinking about a bullish trend reversal only if they restore the rate to $72,000.
Bitcoin is trading at $68,236 at press time.

Bitcoin (BTC) Price Prediction for May 31

Mục lục

U_Today

Các bài viết khác được xuất bản trên 31 thg 5, 2024

Investors Show Renewed Interest in Terra

Turning $50 to $5000 — 5 Under $1 Altcoins Analysts Forecast 100x Returns in June Edition

Just In: Tether Secures $100M Bitdeer Shares, Holds Option for $50M More

Veteran Trader Peter Brandt Predicts Bitcoin’s Value to Reach 100 Gold Ounces

Innocent Trump (INOTRUMP) Will Skyrocket 14,000% as KuCoin Listing Announced, While Shiba Inu and...

Ethereum Price Soars Amid $40M Influx, Will The Momentum Sustain?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!