Bitcoin Price Prediction for Today, May 23: BTC Could Hit $32,000 Level
The Bitcoin price prediction shows that BTC bounces off the support at $29,211 as the coin moves close to the resistance level of $31,000.
Bitcoin Prediction Statistics Data:
Bitcoin price now – $30,371
Bitcoin market cap – $577.2 billion
Bitcoin circulating supply – 19.0 million
Bitcoin total supply – 19.0 million
Bitcoin Coinmarketcap ranking – #1
BTC/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $36,000, $38,000, $40,000
Support Levels: $24,000, $22,000, $20,000
BTC/USD is currently trading around $30,371 with a 0.37% gain above the 9-day moving average. The Bitcoin price may fight to stay above the important level of $31,000 as it could move to cross above the 21-day moving average. However, for BTC/USD to remain above this barrier, the bulls may need to make the $30,000 support level to be strong.