Bitcoin Price Prediction for Today, May 23: BTC Stays Above $30,000 Resistance 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 is trading at $30,476 as the coin seems to be preparing for another upward movement. Bitcoin Prediction Statistics Data: Bitcoin price now – $30,476 Bitcoin market cap – $572.9 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $36,000, $38,000, $40,000 Support Levels: $25,000, $23,000, $21,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is trading towards the 21-day moving average at $30,476 as the coin prepares to gain additional bullish movement. Today, the first digital asset is likely to extend towards the resistance level of $32,000 if the bulls put more pressure on the market. Bitcoin Price Prediction: Is $35k Resistance Coming for BTC? At the time of writing, the Bitcoin price is hovering within the 9-day and 21-day moving averages, any further bullish movement above this barrier may locate the potential resistance levels at $36,000, $38,000, and $40,000. However, when the new uptrends are gathering, traders may use the moving averages as a pivot resistance point to gauge the strength of the trend. Therefore, if BTC/USD soars toward the upper boundary of the channel, this could be a sign of sustainability and could result in a bullish continuation. On the contrary, if the BTC price fails to move up; traders may see a price cut towards the lower boundary of the channel, and a further low could bring the price to the support levels at $25,000, $23,000, and $21,000 respectively. As it stands now, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) moves to cross above the 40-level. BTC/USD Medium-Term Trend: Ranging (4H Chart) According to the 4-hour chart, the Bitcoin price continue to move sideways for the past few days and the bulls are trying to come back into the market by keeping the market price above the 9-day and 21-day moving averages. If not, the support level of $28,500 and below may come into focus. BTCUSD – 4 Hour Chart However, if the bulls keep the market above the 9-day and 21-day moving averages, traders may expect a touch of the $31,000 resistance level, and breaking this level may further push the price towards the resistance level of $32,000 and above as the technical indicator Relative Strength Index (14) moves around 60-level, suggesting sideways movement. 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