-

BTC Price Revisits the $34.4K Low

 Bitcoin Loses $37.7K Support as It Revisits the $34.4K Low – May 7, 2022

BTC/USD has fallen to the low of $35,290 because it revisits the $34.4K low .The largest cryptocurrency is doubtless to additional decline to one other low of $33,855 as bears broke under the $37,727 help. Bitcoin is buying and selling at $36,170 as of press time.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000

Bitcoin Price Prediction for Today May 7: BTC Price Revisits the $34.4K Low
BTC/USD – Daily Chart

On May 6, the Bitcoin plunged to a brand new low of $35,290 as bulls purchased the dips. The bears are having the higher hand in the bearish pattern zone. On May 4, the bulls broke the April 11 worth degree of $39,223 to attain the excessive of $40,046. The April 11 worth degree was the earlier help degree of BTC worth however is now a resistance degree.

Bitcoin would have rallied above the shifting averages if the bullish momentum is sustained. Consequently, on May 5 and 6, Bitcoin plunged to the low of $35,290 as bulls purchased the dips. The cryptocurrency has misplaced the $37,727 help; there is an inclination for the market to attain the lows of $33,855 and $34,425 worth ranges.

Top African Golfers Contest for Bitcoin Prize on Sunshine Tour

South Africa’s Sunshine Tour is sponsoring Africa’s prime golfers to compete for Bitcoin prize cash. Crypto platform Luno, which has a wider protection in South Africa and the African continent has taken over the title sponsorship of the total rankings. The Golfers are to compete for the prime spot on Sunshine Tour’s total leaderboard, the Order of Merit.

Luno has set awards for the prime golfers on the Order of Merit in favor of Bitcoin. According to report, the golfer that tops the Luno Order of Merit will obtain 500,000 rand value of BTC which is equal to $31,000, or 30,000 euros at the time of writing. For the Second and third-placed golfers will obtain 200,000 rand and 100,000 rand in BTC, respectively.

Cloudbet bonus
Bitcoin Price Prediction for Today May 7: BTC Price Revisits the $34.4K Low
BTC/USD – Daily Chart

Meanwhile, Bitcoin has continued to decline marginally because it revisits the $34.4K low. In the meantime, it is hovering above the $36,000 help. Meanwhile, on April 26 downtrend; a retraced candle physique examined the 78.6% Fibonacci retracement degree. The retracement signifies that BTC will fall however reverse at degree 1.272 Fibonacci extension or $35,279.00 worth degree.

Looking to purchase or commerce Bitcoin (BTC) now? Invest at eToro!

68% of retail investor accounts lose cash when buying and selling CFDs with this supplier

Read extra:
•                  How to purchase cryptocurrency
•                 How to purchase Bitcoin

Latest news

Bitcoin Will Not Submit To Black Swans – Bitcoin Magazine

This is an opinion editorial by Bernardo Filipe, a life-lengthy thinker, thinker and writer of “The Straight Science.”“Earnings-free assets...

Learn from FTX and stop making speculative investments

Join Our Telegram channel to keep up to date on breaking information protection People have been drawn to FTX by...

This Historic Bitcoin On-Chain Support Level Is Still Not Lost

On-chain information reveals the historic 20-Day MA Bitcoin aSOPR assist degree has continued to maintain up to now. Bitcoin 20-Day...

ZEC/USD Settles Above $45 Resistance

Join Our Telegram channel to keep up to date on breaking information protection The Zcash worth prediction reveals that ZEC...
- Advertisement -spot_img

U.S. Data Foils Bitcoin Bulls’ Rally Attempt To Retake $17,000

Bitcoin is retracing and could be on the finish of the short-term bullish momentum; the macroeconomic knowledge might need...

MPI Records Highest Value Since April 2022

On-chain information reveals the Bitcoin MPI has surged to its highest worth for the reason that April of this...

Must read

Bitcoin Will Not Submit To Black Swans – Bitcoin Magazine

This is an opinion editorial by Bernardo Filipe, a...

Learn from FTX and stop making speculative investments

Join Our Telegram channel to keep up to date...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you