BTC-Preisanalyse für den 14. Mai: Der Markt erholt sich
Despite the bear market, which in the last 24 hours has hit the main cryptocurrencies, bitcoin is gradually recovering
Days ago, Bitcoin plummeted in value. Its value has fallen below $47,000. This figure is lower than at the end of April, when Bitcoin fell from a high of more than $64,000.
Over the past 24 hours, there have been several attempts by bears to break through, but each red candle has been swallowed up by bulls. As a result, at the time of writing the crypto price has reached 50,000 dollars. This is the first line of resistance on the way to new growth.
Further resistance lines are $51,500 and $53,000. The level of $47,000 provided good support to the cryptocurrency. The BTC price has fallen several times to this line, but has consistently bounced higher.
The forecast for May 14th is optimistic. Despite the loss of the value of the crypto, its price has managed to partially recover and is currently testing the resistance level at $50,000.
The deterrent is a 20% drop in daily trading volume. The capitalisation of Bitcoin has fallen below one trillion. In the medium term, if the cryptocurrency fails to rise to $60,000, the forecast for the next week is bearish. It is possible to roll back up to $45,000.
You can find out the current price for Bitcoin on the Poloniex exchange. Let's see what the market will cook for us tomorrow.
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