Bitcoin Price Prediction (BTC): BTC / USD drops as Bitcoin moves above 34,000 USD

Bitcoin Price Prediction (BTC) – May 30, 2021 Bitcoin price is moving downward as the Bitcoin price rises above $ 34,000. A break below the $ 34,000 support means a further drop to $ 30,000. Likewise, a recovery equates to a rise of up to $ 40,000. The $ 30,000 support is where the bulls have strong buying power. Buyers will likely defend the support level. Resistance Levels: $ 45,000, $ 46,000, $ 47,000 Support Levels: $ 35,000, $ 34,000, $ 33,000 BTC / USD -Daily Chart Since May 19, bitcoin has twice dropped to $ 30,000 support as the bulls pulled. On the other hand, Bitcoin bulls retested the $ 40,000 resistance five times without sustaining the bullish momentum above it. There is a lockdown above the $ 34,000 support as buyers and sellers continue the price war. As a result, if Bitcoin loses support for 34,000 USD, the market will drop to 30,000 USD. Interestingly, buyers will defend the $ 30,000 support if it falls to this level. However, further reductions to $ 28,000 and $ 20,000 are possible if buyers do not advocate for the $ 30,000 support. Bitcoin is a speculative asset as criticized by the President of the Bank of Japan – Over $ 34,000 Bitcoin Hovers Haruhiko Kuroda is President of the Bank of Japan and has joined the call of central bankers who criticize Bitcoin as a speculative asset. “Most of the transactions are speculative and the volatility is extraordinarily high. It is not used much as a settlement. BOJ Governor's comments came as Bitcoin's all-time high price of $ 64,000 in mid-April experienced a more than 50% retracement from the milestone. Central bankers took over Bitcoin's current pricing issues to buy BTC and cryptocurrencies in general. He reiterated other central bankers' thoughts about the potential viability of stablecoins as long as their issuers adhere to strict regulatory protocols, according to Kuroda. Despite current volatility, Billionaire hedge fund manager Ray Dali

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