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BTCUSD Bitcoin

84,100.41

3,618.88 (4.50%)

16:33:07 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,669,531,215,880	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	3,618.88	4.50%	84,100.41	84,100.31	84,114.81

High Price	Low Price	Open Price	Prev. Close	52 Week Range
85,000.00	80,277.34	80,499.21	80,479.82	34,758.64 - 81,534.28

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:33:07	0.026820	84,090.29	USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,717,325,282.60	20,816.65	BTC	BTCEUR	BTCGBP	ETHBTC

BNB Price Struggles to Hold $500: Is a Breakout Coming?

05/09/2024 6:28am

NEWSBTC

BNB price is struggling to stay above the $500 support zone. The price could gain bearish momentum if there is a close below the $500 support. BNB price started a fresh decline from the $540 resistance zone. The price is now trading below $520 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $500 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could gain bearish momentum if it settles below the $500 support zone. BNB Price Dips Again After struggling to test the $540 resistance, BNB price started a fresh decline like Ethereum and Bitcoin. The price declined below the $532 and $520 support levels. There was also a move below $510. Finally, the price found support at $495. A low was formed at $496 and the price is now consolidating losses. There is also a short-term rising channel forming with support at $500 on the hourly chart of the BNB/USD pair. The pair is now trading below $525 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $518 level. It is close to the 50% Fib retracement level of the downward move from the $538 swing high to the $496 low. The next resistance sits near the $522 level or the 61.8% Fib retracement level of the downward move from the $538 swing high to the $496 low. A clear move above the $522 zone could send the price higher. In the stated case, BNB price could test $535. A close above the $535 resistance might set the pace for a larger increase toward the $540 resistance. Any more gains might call for a test of the $550 level in the near term. More Downsides? If BNB fails to clear the $522 resistance, it could start another decline. Initial support on the downside is near the $500 level. The next major support is near the $496 level. The main support sits at $488. If there is a downside break below the $488 support, the price could drop toward the $465 support. Any more losses could initiate a larger decline toward the $450 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $500 and $496. Major Resistance Levels – $518 and $522.

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