Bitcoin Price Prediction for Today, May 23: BTC Could Hit $32,000 Level ByAzeez MustaphaPRO INVESTOR Updated: 23 May 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage 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 BTCUSD – Daily Chart Buy Bitcoin Now 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. Bitcoin Price Prediction: Bitcoin (BTC) May Revisit the Upside At the time of writing, the Bitcoin price is crossing above the 9-day moving average, and if it keeps moving to the upside, the market price could touch the nearest resistance level of $31,000. However, the king coin needs to claim this important resistance level to gain more upsides. Otherwise, the supports at $24,000, $22,000, and $20,000 may likely come to focus. Nevertheless, the Relative Strength Index (14) is crossing above the 40-level, but the recovery may slow, and traders must be aware that support will have to be sort above $32,000 before heading to the resistance levels at $36,000, $38,000, and $40,000. BTC/USD Medium-Term Trend: Ranging (4H Chart) On the 4-hour chart, the technical indicator Relative Strength Index (14) is around 60-level and may rise to the north to begin an upward movement. Moreover, the chart reveals that there is a little bullish movement within the market as the technical indicator could face the upside. BTCUSD – 4 Hour Chart However, if the Bitcoin price moves up and remains above the 9-day and 21-day moving average, the market price could reach the potential resistance at $32,000 and above. On the contrary, if the current market value drops below the moving averages, and crosses below the lower boundary of the channel may locate the support at $29,000 and below. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Bitcoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage