Bitcoin (BTC) Price Prediction: BTC/USD Slumps to $42,000 Low as Bears Attempt Further Decline to $40,000
Bitcoin Price Prediction: BTC/USD Slumps to $42,000, Bears Target $40k Bitcoin Price Prediction – May 17, 2021 BTC/USD has continued the downward move after a retest at the $50,000 psychological price level. After the rejection from the $58,000 high, BTC price plunged to $46,601 low on May 13. Bitcoin consolidated above $46,601 for three days before the bears resumed selling pressure Resistance Levels: $65,000, $70,000, $75,000 Support Levels: $50,000, $45,000, $40,000 BTC/USD – Daily Chart In the last bearish impulse on May 13, BTC/USD consolidated above $46,601 for three days. Buyers a...
Source: insidebitcoins.com