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The Bitcoin price prediction shows BTC facing some immense selling pressure with the resistance finds within the $50,000 level.

Bitcoin Price Prediction: Why BTC/USD Trades Below $50,000 Bitcoin Price Prediction – May 13 According to the daily chart, BTC/USD bulls are making a come-back after the two heavily bearish days. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Support Levels: $42,000, $40,000, $38,000 BTCUSD – Daily Chart At the time of writing, BTC/USD is teetering at $50,071. There have been instances when BTC has exchanged hands above $52,000 sustaining the bullish price action is an uphill task. Moreover, the path of least resistance is still downwards as the daily chart shows that the king...

Bitcoin Price Prediction: BTC/USD Nosedives Below $55,000 Bitcoin Price Prediction – May 12 According to the daily, the Bitcoin price continues to fall below $55,000 with a loss of around 3.98% from the opening price. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Support Levels: $48,000, $46,000, $44,000 BTCUSD – Daily Chart Looking at the daily chart, BTC/USD is now falling below $55,000 with a loss of around 3.98% from the opening price to reach the $54,493 level at the time of writing. More so, the cryptocurrency previously experienced resistance at $58,041, which caused i...

Bitcoin Price Prediction: BTC/USD Trades below $58,000 Resistance Bitcoin Price Prediction – May 12 The Bitcoin price touches the daily high of $58,041 as it is down to a low of $54,721. No quick recovery seems possible for Bitcoin. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Support Levels: $50,000, $48,000, $45,000 BTCUSD – Daily Chart After forming a short-term top, BTC/USD price dived below $58,000 and $56,000 as the Bitcoin price is currently consolidating around $55,034, with a few bearish signals. However, the recent correction to the upward failed near the $58,041 l...

Bitcoin Price Prediction: BTC To Extend Correction to $54,500 as Bulls Fail Bitcoin Price Prediction – May 11 The Bitcoin (BTC) price stares into a bottomless pit, especially if the pennant pattern support is broken. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Support Levels: $51,000, $49,000, $47,000 BTCUSD – Daily Chart At the time of writing, BTC/USD is hovering at $55,655. There have been instances when BTC has exchanged hands below $55,000 sustaining the bearish price action is a downhill task. As it stands now, the path of least resistance is still downwards. A glance...