- Possible resistance at $9475
- This week’s highest: $9,906.03
- This weeks lowest: $8,869.93
- Last 1 months highest: $9,996.74
- Last 1 months lowest: $7,081.59
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There is some resistance at $9475. There is no significant resistance between $9475 & $9,890 So there is a higher chance of the graph going up.
If the $9,475 resistance is crossed, this week’s highest $9,906.03 will be strong resistance. In the recent past, 4 attempts have been made to break $10,000 following repeated rejections. As predicted in BTCUSD’s 21st May Analysis, after breaking support levels of $9,257 & $9,013, Bitcoin was pushed below $9,000 to the support level near predicted $8722: approx. $8,8815.
The support at $8732 & $8405 levels is the most crucial at the moment, if broken then BTC’s price will be pushed back to under $8,000.
Newsherder’s BTCUSD Daily Price & Forecast of May 22, 2020 reveals there are some chances of upward movement if the price breaks $9,475 as there is no significant resistance before $9,890 levels. But if the $8,732 support is broken, next support sits at $8,405 after which BTC will be pulled back to below $8,000 somewhere around $7,990 acting as a strong support.
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