Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck between $53,000 and $58,000 as Bears and Bulls Continue Unending Price Tussles

Bitcoin (BTC) Price Prediction – May 7, 2021
Since May 1, BTC/USD upward moves have been restricted below $58,000 high. Bitcoin now fluctuates between $53,000 and $58,000 price levels. Bitcoin bulls have retested the $58,000 resistance level on four occasions but unable to break it. BTC price is now falling after the last rejection.

Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000

BTC/USD – Daily Chart

BTC price is falling on the downside after rejection from the $58,000 resistance zone. Yesterday, the king coin dropped to $55,500 support and pulled back to retest the $57,000 high before resuming the downward move. Selling pressure will persist if price breaks below the moving averages. The market will fall and revisit the previous low at $53,000. On the other hand, if price falls and finds support above the moving averages, the uptrend will resume. The downtrend becomes necessary because buyers … Read more

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Bitcoin Price Prediction: BTC/USD Stays Above the Moving Averages; Recovery May be Limited by $55,000 Level

Bitcoin (BTC) Price Prediction – March 5

BTC/USD is up by more than 6.94% as the price struck a sudden and bullish price spike.

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $62,000, $64,000, $66,000

Support Levels: $48,000, $46,000, $44,000

BTCUSD – Daily Chart

The daily chart reveals that BTC/USD is pushing the price above the crucial resistance level of $56,500. The coin is moving towards $57,000 to trade at $56,914 at the time of writing. However, the number-one crypto is moving with strong bullish momentum after a sustainable break above an important technical level. Meanwhile, BTC/USD has gained over 6% since the beginning of the day as it is currently using $53,000 support as a jumping-off ground to develop the upside momentum, which is now gaining traction.

What to Expect from Bitcoin (BTC)

As the king coin stays above the moving averages, the return below $57,000 could … Read more

Bitcoin (BTC) Price Prediction: BTC/USD Faces Rejection Twice at the $58,000 High as Selling Pressure Persists

Bitcoin (BTC) Price Prediction – May 5, 2021
Bitcoin’s recent upward moves to the $60,000 price level have been repelled twice. BTC/USD price now struggles below the $58,000 resistance level. Today, BTC price has fallen to the low of $53,000 as bulls buy the dips. The king coin is still facing rejection after correction on the upside.

Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000

BTC/USD – Daily Chart

Following the last bearish impulse on April 23, the market declined to the low of $48,000. Buyers have difficulty in sustaining BTC prices above the $58,000 high. In the first week of May, buyers pushed Bitcoin to the previous highs on two occasions. On each occasion, the market would rise and retest the $58,000 resistance and fall. On May 1, the uptrend was interrupted as it fell to $56,000 support. Similarly, on May 3 the bullish momentum was … Read more

Spartan Protocol’s System Breached, Over $30 Million Drained from Project

Malicious attacks have swiftly replaced crypto scams as the new favorite way bad actors get their hands on other people’s cryptocurrencies.

In a year that has seen crypto getting more recognition, many protocols have been subject to hacks, and the latest is liquidity and synthetics asset provider Spartan Protocol.

Spartan Protocol Loses $30 Million

Binance Smart Chain hosted decentralized platform Spartan Protocol is the latest victim of a malicious attack that saw over $30 million worth of investors’ funds disappear into thin air.

The attack, which was noted by on-chain analysis and security startup PeckShield on Sunday, showed that the hackers could perpetuate the crime due to a flawed liquidity share calculation in the protocol. This anomaly served as the gateway through which the bad actors were able to drain assets from the pool.

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