Bitcoin (BTC) Price Prediction for May 10


Bitcoin (BTC) Price Prediction for May 10


Most of the coins are in the green zone at the beginning of the weekend, according to CoinMarketCap.

Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has almost not changed since yesterday.

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Image by TradingView

On the hourly chart, the rate of BTC is far from the key levels. The volume remains low, which means any sharp moves are unlikely to happen by tomorrow.

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Image by TradingView

On the bigger time frame, one should focus on the bar closure in terms of the resistance of $104,159. If it happens far from that mark, bears may seize the initiative, which may lead to a drop to the $102,000 mark.

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Image by TradingView

From the midterm point of view, the picture is the opposite.

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If the candle closes near its peak and with no long wick, the growth is likely to continue to the $106,000-$108,000 range.

Bitcoin is trading at $103,546 at press time.



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