Bitcoin (BTC) Price Prediction for May 20
05/20/2025 22:33
How far can correction of Bitcoin (BTC) last?
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Buyers are more powerful than sellers today, however, there are some exceptions to the rule, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has risen by 0.37% since yesterday.
On the hourly chart, the rate of BTC is near the local support of $104,232. If the bounce back does not happen until tomorrow, traders can expect a test of the $104,000 range shortly.
On the daily time frame, the price of the main crypto has once again bounced off the resistance of $106,635. If the candle closes near its low, there is a chance to see an ongoing downward move to the $103,000-$104,000 area.
From the midterm point of view, none of the sides is dominating as the rate is far from the key levels.
You Might Also Like
In addition, the volume is going down, which means traders are unlikely to witness sharp moves soon.
Bitcoin is trading at $104,696 at press time.