Bitcoin (BTC/USD) Keeps Trading Underneath the $60,000 Resistance Point
Bitcoin Price Prediction – May 5
There has been a continual positive slight response to declining pressure imposed on the flagship crypto by the US Dollar down the line underneath the resistance level of $60,000. The crypto’s value as of writing trades around a low level of $55,000.
BTC/USD Market
Key Levels:
Resistance levels: $60,000, $65,000, $70,000
Support levels: $50,000, $45,000, $40,000
The BTC/USD daily trading chart shows a bearish trend-line drew to suggest a key resistance point in between the $55,000 and $60,000 as an area that the market is being placed under a fall-off pressure. The 14-day SMA trend-line has been seeing moving closely along the emergence of variant candlesticks representing the pace market’s movements so far. The 50-day SMA indicator is located at the...
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