πŸ”₯ Bitcoin (BTC) Price Prediction for May 19

Irma - May 19 - - Dev Community

🐻 Bearish Momentum: According to CoinMarketCap, bears have taken control on the last day of the week. Bitcoin (BTC) has seen a 0.19% decline since yesterday, but it's up 9.57% over the past week.

πŸ“‰ Hourly Outlook: On the hourly chart, BTC is looking bearish, nearing the $66,853 support level. A breakout followed by a move to the $66,500 area is possible if current conditions persist.

πŸ“‰ Bigger Picture: Despite a false breakout of the $67,482 resistance, BTC could drop to $66,000 next week if the candle closes near its low. However, on the weekly timeframe, Bitcoin is poised to close near $66,900.

⚑️ Potential Upside: If bulls maintain control, there's potential for an upward move to $70,000, fueled by accumulated energy. At present, Bitcoin is trading at $66,863.

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