{"id":397447,"date":"2023-05-24T20:24:54","date_gmt":"2023-05-24T20:24:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=397447"},"modified":"2023-08-05T17:50:23","modified_gmt":"2023-08-05T17:50:23","slug":"bitcoin-price-prediction-for-today-may-24-btc-usd-may-revisit-the-26000-support","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-may-24-btc-usd-may-revisit-the-26000-support","title":{"rendered":"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support"},"content":{"rendered":"<p>The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $26,401<\/li>\n<li>Bitcoin market cap &ndash; $509.1 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.3 million<\/li>\n<li>Bitcoin total supply &ndash; 19.3 million<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Ranging (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $32,000, $34,000, $36,000<\/p>\n<p>Support Levels: $21,000, $19,000, $17,000<\/p>\n<p>BTC\/USD is seen hovering at $26,401, with the current consolidation pattern, the king coin remains below the 9-day and 21-day moving averages. Though <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">Bitcoin (BTC)<\/a> begins the day off intending to trend higher but couldn&rsquo;t. Meanwhile, any bullish cross above the 9-day and 21-day moving averages could hit the nearest resistance level of $27,500. Meanwhile, any bearish cross below the lower boundary of the channel could locate the first level of support at $26,000. Beneath this, other supports could be below found at $21,000, $19,000, and $17,000.<\/p>\n<h2>Bitcoin Price Prediction: Bitcoin (BTC) May Face the Downside<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-may-23-btc-usd-stabilizes-above-the-27000-level\">Bitcoin price<\/a> is sliding toward the lower boundary of the channel as the technical indicator Relative Strength Index (14) moves to cross below the 40-level. On the next positive move, BTC could break to the upside as the candle is still yet to close. Meanwhile, if the bulls push the king coin to the north, the potential resistance levels could be found at $32,000, $34,000, and $36,000.<\/p>\n<h2>BTC\/USD Medium-term Trend: Bearish (4H Chart)<\/h2>\n<p>On the 4-hour chart, <a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" rel=\"nofollow\">BTC\/USD<\/a> may need to cross above the 9-day and 21-day moving averages and move toward the upper boundary of the channel to mitigate the short-term bearish pressure so that it can reclaim the $27,000 level. Nonetheless, this psychological barrier may be closely followed by the resistance level of $25,500 and above.<\/p>\n<figure id=\"attachment_397449\" aria-describedby=\"caption-attachment-397449\" style=\"width: 1050px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-397449\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/BTCUSD_4H_16052023.png\" alt=\"\" width=\"1050\" height=\"537\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/BTCUSD_4H_16052023.png 1050w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/BTCUSD_4H_16052023-300x153.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/BTCUSD_4H_16052023-1024x524.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/BTCUSD_4H_16052023-768x393.png 768w\" sizes=\"(max-width: 1050px) 100vw, 1050px\"><figcaption id=\"caption-attachment-397449\" class=\"wp-caption-text\">BTCUSD &ndash; 4-Hour Chart<\/figcaption><\/figure>\n<p>On the contrary, if the king coin heads to the downside, the nearest support may come at $26,000, and a sustainable bearish movement could increase the downside pressure and bring the price toward $25,500 and below. Considering the technical indicator Relative Strength Index (14) on the 4-hour chart, the coin is likely to move sideways as the signal line moves in the same direction.<\/p>\n<h2>Bitcoin Alternatives<\/h2>\n<p>The Bitcoin price could begin another decline if bulls failed to push the coin to the upside. At the opening of today&rsquo;s trading; the king coin could not cross above the 9-day and 21-day moving averages, but headed toward the lower boundary of the channel. Meanwhile, any bearish movement to the south may bring the coin down to the bearish zone. However, the <a href=\"https:\/\/insidebitcoins.com\/visit\/aidoge\" rel=\"nofollow\">AiDoge (AI)<\/a> platform provides an AI-driven meme generation experience for users, adapting to the ever-changing crypto world. This employs advanced AI technology for creating relevant memes based on user-provided text prompts. Meanwhile, the key aspects include the AI-powered meme generator, text-based prompts, and $AI tokens for purchasing credits. Moreover, the token is currently at the presale stage raising almost $12 million.<\/p>\n<p><strong>Read more:&nbsp;<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/fetch-ai-price-prediction-as-fet-surges-above-200dma-eyes-0-10\">Fetch.ai Price Prediction as FET Surges Above 200DMA, Eyes $0.10<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/xrp-usd-market-9\">Ripple Price Prediction: XRP\/USD Recovery Above $0.23 Remains Consistent, Is $0.26 Achievable?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-watch-out-for-the-next-move-as-eth-usd-bounces-off-130-support\">Ethereum Price Prediction: Watch out for the Next Move as ETH\/USD Bounces off $130 Support<\/a><\/li>\n<\/ul>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000. Bitcoin Prediction <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-may-24-btc-usd-may-revisit-the-26000-support\" title=\"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":397448,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support<\/title>\n<meta name=\"description\" content=\"The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support\" \/>\n<meta property=\"og:description\" content=\"The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-24T20:24:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-05T17:50:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/BTCUSD_1D_16052023.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"537\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support\",\"datePublished\":\"2023-05-24T20:24:54+00:00\",\"dateModified\":\"2023-08-05T17:50:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\"},\"wordCount\":525,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"Bitcoin\",\"btc\",\"BTCUSD\",\"Technical Analysis\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\",\"name\":\"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2023-05-24T20:24:54+00:00\",\"dateModified\":\"2023-08-05T17:50:23+00:00\",\"description\":\"The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\",\"name\":\"Azeez Mustapha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"caption\":\"Azeez Mustapha\"},\"description\":\"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/\",\"https:\/\/twitter.com\/ItuGlobal\"],\"knowsAbout\":[\"Stock Exchange\",\"Cryptocurrency Trading\",\"Forex\"],\"jobTitle\":\"Editor\",\"url\":\"https:\/\/insidebitcoins.com\/news\/author\/azeezmustaph\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support","description":"The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support","og_description":"The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000.","og_site_name":"InsideBitcoins.com","article_published_time":"2023-05-24T20:24:54+00:00","article_modified_time":"2023-08-05T17:50:23+00:00","og_image":[{"width":1050,"height":537,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/BTCUSD_1D_16052023.png","type":"image\/png"}],"author":"Azeez Mustapha","twitter_card":"summary_large_image","twitter_creator":"@ItuGlobal","twitter_misc":{"Written by":"Azeez Mustapha","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447"},"author":{"name":"Azeez Mustapha","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8"},"headline":"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support","datePublished":"2023-05-24T20:24:54+00:00","dateModified":"2023-08-05T17:50:23+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447"},"wordCount":525,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"keywords":["Bitcoin","btc","BTCUSD","Technical Analysis"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447","name":"Bitcoin Price Prediction for Today, May 24: BTC\/USD May Revisit the $26,000 Support","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2023-05-24T20:24:54+00:00","dateModified":"2023-08-05T17:50:23+00:00","description":"The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8","name":"Azeez Mustapha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","caption":"Azeez Mustapha"},"description":"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.","sameAs":["https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/","https:\/\/twitter.com\/ItuGlobal"],"knowsAbout":["Stock Exchange","Cryptocurrency Trading","Forex"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/news\/author\/azeezmustaph"}]}},"modified_by":"Valentina Ilic","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1742"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=397447"}],"version-history":[{"count":2,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\/revisions"}],"predecessor-version":[{"id":427083,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/397447\/revisions\/427083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/397448"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=397447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=397447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=397447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}