Bitcoin Price Prediction for Today May 31: BTC Holds above $29K, May Resume Sideways Trend ByAzeez MustaphaPRO INVESTOR Updated: 02 June 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 Bitcoin Faces Rejection at $32K but May Resume Sideways Trend – May 31, 2022 On May 31, BTC price candlestick pattern showed a Doji candlestick as it may resume sideways trend. BTC/USD has declined to the previous low. The previous low is characterized by small body indecisive candlesticks called Doji or Spinning tops. Bitcoin Price Statistics Data:•Bitcoin price now – $29,826.29•Bitcoin market cap – $567,673,941,043•Bitcoin circulating supply – 19,055,837.00BTC•Bitcoin total supply – $625,635,832,656•Bitcoin Coinmarketcap ranking – # 1Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $40,000, $35,000, $30,000 Buy Bitcoin Now Following recent decline to the previous range bound zone, it is indicative that the largest cryptocurrency will resume a sideways move between the $28,000 and $32,200 price levels. In the same vein, Bitcoin has found support above the 21-day line moving average. This also implies that the BTC price will be fluctuating between the 21-day line SMA and the 21-day line SMA. Bitcoin will trend when the range-bound levels are breached. Meanwhile, the BTC price is below the 40% range of the daily stochastic. It indicates that the market is in bearish momentum. Andreessen Horowitz Closes $4.5 Billion Crypto Fund amid Market Turmoil Andreessen Horowitz is the venture capital giant that has indicated to close its fourth cryptocurrency fund at $4.5 billion. This brings the total money invested by him in digital currency and blockchain business to more than $7.6 billion. The fourth crypto fund has been ongoing for some time. It doubles the size of the previous crypto fund and demonstrates the growing interest among the firm’s limited partners in boosting their exposure to cryptocurrency firms. BTC/USD – Daily Chart Meanwhile, with the appearance of bullish candlesticks, Bitcoin may resume sideways trend. BTC’s price is holding above the $29,000 support and the 21-day line moving average. The crypto will rise and revisit the previous overhead resistance.Read more: Our Recommended Bitcoin Account Our Rating Buy, sell, trade and store BTC on the eToro platform Social trading platform & copy trading CySEC, ASIC & FCA regulated Visit Site 68% of retail investor accounts lose money when trading CFDs with this provider. • How to buy cryptocurrency• How to buy Bitcoin Join Our Telegram channel to stay up to date on breaking news coverage