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Announcement on the Upgrade of Close Position Function for Contracts
About the Shapella Upgrade on the Ethereum Network
Security Announcement Regarding Preventing Phishing and Fraudulent Messages
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BTC
/USDT
0.03%
43,111.30

ETH
/USDT
0.41%
2,382.32

BCH
/USDT
0.08%
235.40

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name
Last Price
24H Chg%
BTC
/USDT
822071.94K
43,111.30
≈$43,111.30
+0.03%
ETH
/USDT
777536.97K
2,382.32
≈$2,382.32
+0.41%
BCH
/USDT
784230.75K
235.40
≈$235.40
+0.08%
ETC
/USDT
780102.85K
24.980
≈$24.980
+1.05%
DOGE
/USDT
780705.47K
0.07884
≈$0.07884
+0.45%
LTC
/USDT
780300.80K
68.400
≈$68.400
+0.17%
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News
Bitcoin Price Recovery
2023-05-03 20:57:00
    Bitcoin, the world’s largest cryptocurrency, has seen a tumultuous few
months. After reaching an all-time high of nearly $65,000 in April 2021, the
digital currency suffered a massive sell-off and saw its price plummet to around
$30,000 in mid-May. However, since then, Bitcoin has been slowly but steadily
recovering and is currently trading above $29,000. In this article, we will
discuss the factors that could influence Bitcoin's price in the near future and
make a Bitcoin price prediction.




    Bitcoin's recent recovery is a welcome relief for the cryptocurrency
community.The price of BTC is currently trading above the $28,800 resistance
zone, and the bulls might soon aim for a move toward the $30,000 resistance.
There was a break above a key contracting triangle with resistance near $28,700
on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could
rise further and revisit the $30,000 resistance zone.




    Bitcoin price remained well-bid above the $28,000 support zone, and it
started a decent recovery wave above the $28,500 resistance zone. It even broke
the $28,800 resistance after the Fed announced another rate hike from 5% to
5.25%. The pair is now trading above $28,800 and the 100 hourly Simple moving
average.

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Negative(108)
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