Bitcoin (BTC/USD) Breaks down the $45,000 Support
Bitcoin Price Prediction – May 19
The current extension of downward pressure has spanned from what formerly looked a correctional has now metamorphosed into an early-stage bearish trend. The crypto is presently priced lowly at around the value of $43,069 at -1.13%.
BTC/USD Market
Key Levels:
Resistance levels: $50,000, $55,000, $60,000
Support levels: $40,000, $35,000, $30,000
It is now depicted on the BTC/USD daily chart that the point at $50,000 has breached southward on May 15 to now become an immediate resistance line of the crypto economy. And, the downward pressure seems not to have exhausted as the level of $45,000 is experiencing some risky falling forces that could potentially extend the downward more. The 14-day SMA trend-line is bent down towards the 50-day SMA from the top. The bearish trend-line is...
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