Bitcoin (BTC) Price Prediction for May 4
The weekend break has initiated favorably for most coins, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has risen by 3.29% over the last 24 hours.
On the hourly chart, the price of BTC could have ascertained a expanse resistance extent at $64,522. As most of the daily ATR has been passed, any sharp moves are unlikely to confiscate place by the expire of the day.
On the bigger time frame, the price of the foremost crypto has once once again bounced off the $64,310 extent. If the bar closes much from it, bears could once again confiscate the initiative, which can lead to a reclamation to the $62,000-$63,000 zone shortly.
From the midterm point of perceive, the price of BTC has made a aspersive breakout of the stabilize extent of $59,440. Singularly, it is early to think around a rapid reversal as the coin has not collected together enough power for that.
In this vessel, recurring sideways trading in the zone of $62,000-$66,000 is the more possible situation.
Bitcoin is trading at $63,728 at press time.
