{"id":4329,"date":"2023-05-05T08:03:54","date_gmt":"2023-05-05T12:03:54","guid":{"rendered":"http:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/"},"modified":"2023-05-05T08:03:54","modified_gmt":"2023-05-05T12:03:54","slug":"btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/","title":{"rendered":"BTC\/USD Retreats; Could it be a Recovery to $30,000 Resistance?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div wp_automatic_readability=\"114.93693962941\">\n<div class=\"telegrame_cta_content\">\n<div class=\"wrap\" wp_automatic_readability=\"5.3142857142857\">\n<div class=\"telegrame_cta_content_inr\" wp_automatic_readability=\"28.342857142857\">\n<p>Join Our Telegram channel to stay up to date on breaking news coverage<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>The Bitcoin price prediction slides below the resistance level of $29,291. Further downside momentum appears to be imminent, but $26,000 may likely come out as support.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now \u2013 $28,968<\/li>\n<li>Bitcoin market cap \u2013 $554.1 billion<\/li>\n<li>Bitcoin circulating supply \u2013 19.3 million<\/li>\n<li>Bitcoin total supply \u2013 19.3 million<\/li>\n<li>Bitcoin Coinmarketcap ranking \u2013 #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Ranging (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $35,000, $37,000, $39,000<\/p>\n<p>Support Levels: $24,000, $22,000, $20,000<\/p>\n<p>BTC\/USD soars to $29,423 in the early hours of today\u2019s trading but currently hovering at $28,968 after dropping from the daily high. Moreover, where Bitcoin will go next after this retreat is likely to depend on the ability of the bulls to hold the price above the key support at $28,000.<\/p>\n<h2>Bitcoin Price Prediction: Would Bitcoin Go Up?<\/h2>\n<p>The Bitcoin price is ranging within the 9-day and 21-day moving averages; however, a further retracement seems imminent, and it is likely to break below $28,000. Meanwhile, looking at the chart, $24,000, $22,000, and $20,000 serve as the major support levels, making room for BTC to fall even further. The technical indicator Relative Strength Index (14) is still moving above the 50-level, suggesting sideways movement.<\/p>\n<p>However, as the daily chart reveals, if the bulls could push the price back above the daily high at $29,423, BTC\/USD may see a potential resistance level at $30,000, any further movement could send it to other resistance levels at $35,000, $37,000, and $39,000 respectively.<\/p>\n<h2>BTC\/USD Medium-term Trend: Bearish (4H Chart)<\/h2>\n<p>Looking at the 4-hour chart, the bears are coming back into the market as the market price moves to cross below the 9-day and 21-day moving averages. The bulls failed to hold the Bitcoin price above the moving averages. Meanwhile, if BTC\/USD breaks above the channel, $31,000 and above may come into play.<\/p>\n<figure id=\"attachment_391503\" aria-describedby=\"caption-attachment-391503\" style=\"width: 1072px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-391503\" class=\"wp-caption-text\">BTCUSD \u2013 4-Hour Chart<\/figcaption><\/figure>\n<p>However, if the price breaks toward the lower boundary of the channel and falls more, the support levels of $27,500 and below may be in focus. Meanwhile, as the Relative Strength Index (14) nosedives below 60-level, more bearish signals may play out before a rebound could come in.<\/p>\n<h2>Bitcoin Alternatives<\/h2>\n<p>The Bitcoin price could face a setback that could be a permanent one if the bears return to the market. The king coin is likely to have an additional bearish run as a price rally could help the coin to head to the south. However, it is likely the red line of the 9-day moving average may go below the green line of the 21-day moving average to confirm the bearish movement.\u00a0However, Love Hate Inu continue to create a safe space for people to share their opinions with other people who care what they think, and who don\u2019t criticize them for having that opinion. Meanwhile, buying a Love Hate Inu token is a good buy as almost $11 million has been raised so far in the presale.<\/p>\n<div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n<div class=\"inContentProviderSingle--wrapper\">\n<div class=\"container\">\n<div class=\"row mb-lg-3\" wp_automatic_readability=\"6\">\n<div class=\"col-12 col-md-8\" wp_automatic_readability=\"7\">\n<p class=\"inContentProviderSingle--title\">Love Hate Inu &#8211; Newest Meme Coin<\/p>\n<\/p><\/div><\/div>\n<div class=\"row\">\n<div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Love Hate Inu\" width=\"125\" height=\"60\" data-lazy-src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/03\/Black.svg\"\/>\n                                    <\/div>\n<div class=\"col-12 col-md-8\">\n<ul class=\"inContentProviderSingle--list\">\n<li>Decentralized Polling &#8211; Vote to Earn<\/li>\n<li>Early Access Presale Live Now &#8211; Ends Soon<\/li>\n<li>$7 Million Raised<\/li>\n<li>Featured in Yahoo Finance, Bitcoinist<\/li>\n<li>Mint Memes of Survey Results as NFTs<\/li>\n<li>Staking Rewards<\/li>\n<li>Viral Potential, Growing Community<\/li>\n<\/ul><\/div>\n<div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Love Hate Inu\" width=\"125\" height=\"60\" data-lazy-src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/03\/Black.svg\"\/>\n                                    <\/div><\/div><\/div><\/div><\/div>\n<div class=\"telegrame_cta_content\">\n<div class=\"wrap\" wp_automatic_readability=\"5.3142857142857\">\n<div class=\"telegrame_cta_content_inr\" wp_automatic_readability=\"28.342857142857\">\n<p>Join Our Telegram channel to stay up to date on breaking news coverage<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-may-4-btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction slides below the resistance level of $29,291. Further downside momentum appears to be imminent, but $26,000 may likely come out as support. Bitcoin Prediction Statistics Data: Bitcoin price now \u2013 $28,968 Bitcoin market cap \u2013 $554.1 billion Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-4329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BTC\/USD Retreats; Could it be a Recovery to $30,000 Resistance? - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC\/USD Retreats; Could it be a Recovery to $30,000 Resistance?\" \/>\n<meta property=\"og:description\" content=\"Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction slides below the resistance level of $29,291. Further downside momentum appears to be imminent, but $26,000 may likely come out as support. 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Further downside momentum appears to be imminent, but $26,000 may likely come out as support. Bitcoin Prediction Statistics Data: Bitcoin price now \u2013 $28,968 Bitcoin market cap \u2013 $554.1 billion Bitcoin [&hellip;]","og_url":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/","og_site_name":"Leading Crypto News","article_published_time":"2023-05-05T12:03:54+00:00","og_image":[{"width":1072,"height":554,"url":"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/05\/BTCUSD-Retreats-Could-it-be-a-Recovery-to-30000-Resistance.png","type":"image\/png"}],"author":"LCN-Admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"LCN-Admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/#article","isPartOf":{"@id":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/"},"author":{"name":"LCN-Admin","@id":"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30"},"headline":"BTC\/USD Retreats; Could it be a Recovery to $30,000 Resistance?","datePublished":"2023-05-05T12:03:54+00:00","mainEntityOfPage":{"@id":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/"},"wordCount":537,"commentCount":0,"publisher":{"@id":"https:\/\/leadingcryptonews.com\/#organization"},"image":{"@id":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/#primaryimage"},"thumbnailUrl":"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/05\/BTCUSD-Retreats-Could-it-be-a-Recovery-to-30000-Resistance.png","articleSection":["Market Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/","url":"https:\/\/leadingcryptonews.com\/btc-usd-retreats-could-it-be-a-recovery-to-30000-resistance\/","name":"BTC\/USD Retreats; Could it be a Recovery to $30,000 Resistance? 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