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BTCUSD Bitcoin

57,676.17

-561.56 (-0.96%)

02:25:48 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,135,007,545,793	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-561.56	-0.96%	57,676.17	57,672.64	57,678.13

High Price	Low Price	Open Price	Prev. Close	52 Week Range
58,526.89	57,570.50	58,384.58	58,237.73	24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	02:25:47	0.003830	57,679.00	USD

Price x Volume	Volume	Base Symbol	Related Pairs
39,859,090.25	687.51	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Just Saw Technical Correction, Can Bulls Save The Day?

30/05/2023 3:56am

NEWSBTC

Bitcoin price is correcting gains from $28,400. BTC must stay above the $27,500 support to start a fresh increase in the near term. Bitcoin is correcting gains below the $28,000 support zone. The price is trading above $27,500 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $27,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if the bulls manage to protect the $27,500 support. Bitcoin Price Corrects Lower Bitcoin price started a decent increase above the $28,000 resistance zone. However, BTC struggled to clear the $28,400 and $28,500 resistance levels. A high was formed near $28,450 and the price started a downside correction. There was a move below the $28,000 support zone. The price declined below the 50% Fib retracement level of the upward move from the $27,142 swing low to the $28,450 high. Besides, there was a break below a major bullish trend line with support near $27,720 on the hourly chart of the BTC/USD pair. Bitcoin price is still trading above $27,500 and the 100 hourly Simple moving average. It is finding bids near the 61.8% Fib retracement level of the upward move from the $27,142 swing low to the $28,450 high. Immediate resistance on the upside is near the $27,800 level. The next major resistance is near the $28,000 level. Source: BTCUSD on TradingView.com An upside break above $28,000 might send the price toward the main resistance at $28,500. A close above the $28,500 resistance zone might start a strong increase toward the $29,200 resistance zone. The next key resistance is near $29,400, above which the price might rise toward the $30,000 resistance. More Losses in BTC? If Bitcoin’s price fails to clear the $28,000 resistance, it could continue to move down. Immediate support on the downside is near the $27,580 level. The next major support is near the $27,500 zone, below which the price might gain bearish momentum. In the stated case, the price could decline toward the $27,150 support and the 100 hourly Simple moving average. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is above the 50 level. Major Support Levels – $27,580, followed by $27,500. Major Resistance Levels – $28,000, $28,400, and $28,500.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

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1 Month Bitcoin Chart

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