Bitcoin Price Prediction for Today, May 30: BTC Jumps Above $30,000 Level ByAzeez MustaphaPRO INVESTOR Updated: 30 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. The Bitcoin price prediction revisits the resistance level of $30,000 as the king coin targets a $31,000 high. Bitcoin Prediction Statistics Data: Bitcoin price now – $30,386 Bitcoin market cap – $578.6 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 Buy Bitcoin Now BTC/USD is recovering towards the upside as the first digital asset crosses above the resistance level of $30,000. For the past few days, the Bitcoin price has been facing the upside to the extent of crossing above the 9-day and 21-day moving averages. Bitcoin Price Prediction: Would BTC Shoot to the Upside? At the time of writing, traders could see that the Bitcoin price is trying to recover from its opening price of $29,447. However, the 9-day MA trend-line is likely to cross above the 21-day MA as they prepare to focus on the upside. In addition, the technical indicator Relative Strength Index (14) is moving to cross above 50-level in an attempt to probably cross into the upside. Moreover, a clear break above the resistance level of $30,500 could set the pace for a larger increase to $36,000, $38,000, and $40,000 resistance levels. Meanwhile, should the Bitcoin price fail to stay above the resistance level of $30,000, it may continue a new decline towards the lower boundary of the channel. Therefore, if there is a downside break below this barrier, the price could hit the support levels of $25,000, $23,000, and $21,000. BTC/USD Medium-Term Trend: Ranging (4H Chart) According to the 4-hour chart, BTC/USD is moving sideways as the market is currently showing a sign of a bullish movement. However, following the recent rebound at $30,235 which is now a key support level, the king coin is expected to stay above this level. Meanwhile, any bearish movement below the 9-day and 21-day moving averages could locate the support level at $29,500 and below. BTCUSD – 4 Hour Chart However, considering the recent sharp rebound, the Bitcoin price may continue the bullish movement to $31,000 resistance. A climb above the upper boundary of the channel may further push the BTC price to the resistance level of $31,500 and above. As it appeared now, it seems the bulls may return to the market as the Relative Strength Index (14) remains within the overbought region. eToro - Our Recommended Bitcoin Platform Our Rating Regulated by the FCA, ASIC and CySEC Buy Bitcoin with Bank transfer, Credit card, Neteller, Paypal, Skrill Free Demo Account, Social Trading Community - 20 Million Users Free Bitcoin Wallet - Unlosable Private Key Copytrade Winning Bitcoin Traders - 83.7% Average Yearly Profit Buy Bitcoin 68% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy Bitcoin How to buy Cryptocurrency