2021-05-30 17:47:06
Bitcoin (BTC/USD) Hits $40,000 Resistance While Rallying
Bitcoin Price Prediction – May 30
In the recent wake of trying to rally from a falling force, the Bitcoin’s valuation as pairing with the US Dollar hit $40,000 resistance to now trade at a lower level of around $34,909. As of writing, the crypto-economy records a 0.45% increase.
BTC/USD Market
Key Levels:
Resistance levels: $40,000, $45,000, $50,000,
Support levels: $30,000, $25,000, $20,000
On May 26th day of the trading operation, a more notable fake upswing featured briefly past the $40,000 level only to pave a path for reversal forces in about the last three days’ sessions as depicted on the BTC/USD daily chart. Until the present time, the bearish trend-line drew southward across the SMAs to mark the $40,000 as a vital point below them. The 50-day SMA trend-line also...
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