Bitcoin (BTC/USD) Price Hovers Closer to the Level of $60,000 Resistance
Bitcoin Price Prediction – May 9
Over a notable number of times, the BTC/USD market has continually hovering closely below the immediate $60,000 resistance trading zone. As of writing, price is traded at about a reduction of 0.28% since it embarked on rebounding efforts.
BTC/USD Market
Key Levels:
Resistance levels: $60,000, $65,000, $70,000,
Support levels: $50,000, $45,000, $40,000
As it is depicted on the BTC/USD daily chart, the bearish trend-line has briefly breached to the north on May 7 to signify the degree of current buying pressure in the market. However, the key $60,000 still features as the immediate barrier line staying afloat near the current trading point. The 14-day SMA trend-line is located above the 50-day SMA indicator. And, the vital support baseline is still...
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