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Bitcoin (BTC) Price Prediction for May 31st – TradingView News

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Coins in the top 10 list are recovering, according to CoinStats.CoinStats Top Coins

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The price of Bitcoin BitcoinUSD increased by 1.24% in the last day. Image from TradingView

On the hourly interval, BTC rate is trading below the local support at $68,282. Until the price is below this mark, bears are more powerful than bulls. If the situation does not change by the end of the day, the correction may continue towards the $68,000 zone.Image from TradingView

On the daily chart, the price of the major crypto is far from key levels. This means that neither the bulls nor the bears are dominating. In short, traders will likely expect continued consolidation in the $67,500 to $69,500 area in the coming days. Image from TradingView

A similar situation can be observed in the weekly period. Buyers can start thinking about a reversal of the uptrend only if they restore the rate to $72,000.

Bitcoin is trading at $68,236 at press time.

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