- Possible resistance at $57085.0
- Possible support at $56745.0
- This week’s highest: $58,448.34
- This weeks lowest: $47,159.49
- Last 1 months highest: $64,863.10
- Last 1 months lowest: $47,159.49
There is some resistance at $57085.0, next resistance sits at $57289.0 and strong support level at $56745.0 and thereafter at $56677.0
If the resistance of $57085.0 is crossed, the price is likely to move towards the next strong resistance level at $57289.0. However, if Bitcoin fails to cross this resistance level, the price might retest the current support levels before going down towards the next support at $56745.0. If support of $56745.0 is crossed, Bitcoin price may move down further to $56677.0 levels.
Newsherder’s BTC/USD Daily Price & Forecast of May 02, 2021, reveals that downward movement from current levels is expected for Bitcoin’s current price with Bitcoin showing bearish signals. If BTC crosses this support level the price might reach the next resistance level of $56677.0. BTC price is expected to move up towards the next resistance level of $56677.0.