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. Join Our Telegram channel to stay up to date on breaking news coverage 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 Join Our Telegram channel to stay up to date on breaking news coverage