Bitcoin Price Prediction: BTC / USD Accelerates To $ 60,000 As Bulls Warm Up

Bitcoin Price Prediction (BTC) – May 1 When Bitcoin reached around $ 58,000 again, BTC / USD did little to change market sentiment at this point Long Term Trend: Bullish (Daily Chart) Key Levels: Resistance Levels: $ 64,000, 66,000 $, $ 68,000 Support Levels: $ 52,000, $ 50,000, $ 48,000 BTCUSD – Daily Chart Looking at the daily chart, BTC / USD corrects gains to $ 58,500 and will probably start another bullish as long as there is no 'no. Close to under $ 57,000. This morning, Bitcoin's price saw a steady rise above the $ 57,000 resistance level as the coin hovered at $ 57,894. Currently, BTC / USD is stabilizing above the 9-day and 21-day moving averages. Where does the BTC price go? BTC / USD bounced and traded above the moving averages, and the market price remained below the daily resistance level of $ 58,550 as a sign of bullish momentum. Further increase in bullish momentum may need to push the price above this level; Another resistance could rise up to $ 60,000 before reaching the $ 64,000, $ 66,000 and $ 68,000 potential resistance. However, if the $ 57,500 resistance level does not hold, it could return and face the $ 55,000 support level, with further increases in bearish pressure push the price towards the 9-day moving average and potentially critical supports in the USD. 52,000 shots. $ 50,000 and $ 48,000. During this period, the signal line of the RSI technical indicator (14) rises above 50, it can trigger sell signals in the market by passing under it. BTC / USD Average – Futures Trend: Bullish (4H Chart) Bitcoin's price is trading at $ 57,427 above the 9 and 21-day moving averages, according to the 4-hour chart. However, at the time of writing, BTC / USD is trading at a resistance level of $ 57,427, but any downtrend below the 9-day moving average could drive the coin to reach support at 54,000. USD and less. BTCUSD – 4-hour chart Additionally, if Bitcoin finds a good resistance level around $ 60,000, it could start another.

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