Category: Crypto News, News

Bitcoin (BTC) Price Prediction for May 29 — TradingView News

By Published On: May 29, 20240.8 min readViews: 1930 Comments on Bitcoin (BTC) Price Prediction for May 29 — TradingView News

The sellers’ pressure continues on the crypto market, according to CoinStats.BTC chart by CoinStats

BTCUSD

The price of Bitcoin BTCUSD has remained unchanged over the last day.Image by TradingView

The rate of BTC is rather bearish as it is near the local support level of $67,556. If buyers cannot seize the initiative until the end of the day, the accumulated energy might be enough for a breakout, followed by a move to $67,000.Image by TradingView

On the bigger time frame, the price of the main crypto keeps falling. At the moment, one should focus on yesterday’s bar’s low.

If buyers lose the $67,000 mark, traders are likely to see a test of the $66,000 zone.Image by TradingView

From the midterm point of view, the situation is also bearish. If the decline continues, there is a possibility to see an ongoing correction to $65,000.

Bitcoin is trading at $67,838 at press time.

Source link


Discover more from BIPNs

Subscribe to get the latest posts sent to your email.

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.


Discover more from BIPNs

Subscribe to get the latest posts sent to your email.