• bitcoinBitcoin (BTC) $ 30,157.00
  • ethereumEthereum (ETH) $ 2,058.76
  • tetherTether (USDT) $ 1.00
  • usd-coinUSD Coin (USDC) $ 1.00
  • binance-coinBNB (BNB) $ 302.35
  • xrpXRP (XRP) $ 0.427955
  • cardanoCardano (ADA) $ 0.571308
  • solanaSolana (SOL) $ 55.03
  • binance-usdBinance USD (BUSD) $ 1.00
  • polkadotPolkadot (DOT) $ 10.79
  • dogecoinDogecoin (DOGE) $ 0.089139
  • avalanche-2Avalanche (AVAX) $ 33.52
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 30,182.00
  • staked-etherLido Staked Ether (STETH) $ 2,025.96
  • tronTRON (TRX) $ 0.070388
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • daiDai (DAI) $ 1.00
  • litecoinLitecoin (LTC) $ 72.64
  • crypto-com-chainCronos (CRO) $ 0.196192
  • matic-networkPolygon (MATIC) $ 0.699024
  • nearNEAR Protocol (NEAR) $ 6.68
  • leo-tokenLEO Token (LEO) $ 4.90
  • ftx-tokenFTX Token (FTT) $ 31.87
  • bitcoin-cashBitcoin Cash (BCH) $ 208.56
  • chainlinkChainlink (LINK) $ 7.55
  • stellarStellar (XLM) $ 0.137018
  • algorandAlgorand (ALGO) $ 0.484981
  • cosmosCosmos Hub (ATOM) $ 11.22
  • okbOKB (OKB) $ 12.57
  • moneroMonero (XMR) $ 173.27
  • flowFlow (FLOW) $ 3.03
  • ethereum-classicEthereum Classic (ETC) $ 21.22
  • apecoinApeCoin (APE) $ 8.59
  • uniswapUniswap (UNI) $ 5.18
  • elrond-erd-2Elrond (EGLD) $ 98.97
  • vechainVeChain (VET) $ 0.031690
  • hedera-hashgraphHedera (HBAR) $ 0.103242
  • internet-computerInternet Computer (ICP) $ 8.32
  • theta-fuelTheta Fuel (TFUEL) $ 0.068596
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.998405
  • decentralandDecentraland (MANA) $ 1.19
  • filecoinFilecoin (FIL) $ 8.52
  • axie-infinityAxie Infinity (AXS) $ 21.44
  • compound-ethercETH (CETH) $ 41.38
  • the-sandboxThe Sandbox (SAND) $ 1.34
  • chain-2Chain (XCN) $ 0.094562
  • defichainDeFiChain (DFI) $ 3.07
  • tezosTezos (XTZ) $ 1.80
  • fraxFrax (FRAX) $ 1.00
  • kucoin-sharesKuCoin Token (KCS) $ 14.35
  • makerMaker (MKR) $ 1,544.38
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.62
  • eosEOS (EOS) $ 1.36
  • terra-lunaTerra (LUNA) $ 0.000198
  • theta-tokenTheta Network (THETA) $ 1.34
  • zcashZcash (ZEC) $ 102.90
  • true-usdTrueUSD (TUSD) $ 1.00
  • aaveAave (AAVE) $ 89.25
  • the-graphThe Graph (GRT) $ 0.175828
  • klay-tokenKlaytn (KLAY) $ 0.416156
  • huobi-btcHuobi BTC (HBTC) $ 30,126.00
  • compound-usd-coincUSDC (CUSDC) $ 0.022631
  • huobi-tokenHuobi Token (HT) $ 7.01
  • iotaIOTA (MIOTA) $ 0.379663
  • bitcoin-svBitcoin SV (BSV) $ 55.05
  • bittorrentBitTorrent (BTT) $ 0.000001
  • terrausdTerraUSD (UST) $ 0.090948
  • thorchainTHORChain (RUNE) $ 3.32
  • quant-networkQuant (QNT) $ 73.69
  • paxos-standardPax Dollar (USDP) $ 1.00
  • stepnSTEPN (GMT) $ 1.53
  • ecasheCash (XEC) $ 0.000048
  • fantomFantom (FTM) $ 0.355658
  • heliumHelium (HNT) $ 8.74
  • radixRadix (XRD) $ 0.087670
  • neutrinoNeutrino USD (USDN) $ 0.965474
  • gatechain-tokenGateToken (GT) $ 5.55
  • cdaicDAI (CDAI) $ 0.022028
  • bitdaoBitDAO (BIT) $ 0.841505
  • arweaveArweave (AR) $ 15.36
  • nexoNEXO (NEXO) $ 1.36
  • neoNEO (NEO) $ 10.70
  • zilliqaZilliqa (ZIL) $ 0.051676
  • kusamaKusama (KSM) $ 80.88
  • convex-financeConvex Finance (CVX) $ 11.37
  • wavesWaves (WAVES) $ 6.74
  • enjincoinEnjin Coin (ENJ) $ 0.719523
  • amp-tokenAmp (AMP) $ 0.013947
  • galaGala (GALA) $ 0.086869
  • dashDash (DASH) $ 58.21
  • chilizChiliz (CHZ) $ 0.116455
  • celoCelo (CELO) $ 1.41
  • maiar-dexMaiar DEX (MEX) $ 0.000120
  • pax-goldPAX Gold (PAXG) $ 1,830.89
  • havvenSynthetix Network Token (SNX) $ 2.72
  • loopringLoopring (LRC) $ 0.482732
  • osmosisOsmosis (OSMO) $ 1.61
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.401139
  • blockstackStacks (STX) $ 0.564285
  • gnosisGnosis (GNO) $ 226.60
  • harmonyHarmony (ONE) $ 0.047973
  • compound-usdtcUSDT (CUSDT) $ 0.021768
  • xdce-crowd-saleXDC Network (XDC) $ 0.045789
  • kadenaKadena (KDA) $ 2.99
  • nemNEM (XEM) $ 0.060728
  • mina-protocolMina Protocol (MINA) $ 1.08
  • lido-daoLido DAO (LDO) $ 1.50
  • fei-usdFei USD (FEI) $ 1.00
  • decredDecred (DCR) $ 37.53
  • curve-dao-tokenCurve DAO Token (CRV) $ 1.32
  • frax-shareFrax Share (FXS) $ 8.31
  • kavaKava (KAVA) $ 2.58
  • nxmNexus Mutual (NXM) $ 69.95
  • compound-governance-tokenCompound (COMP) $ 69.05
  • holotokenHolo (HOT) $ 0.002668
  • tether-goldTether Gold (XAUT) $ 1,857.87
  • tokenize-xchangeTokenize Xchange (TKX) $ 5.58
  • ecomiECOMI (OMI) $ 0.001595
  • qtumQtum (QTUM) $ 4.06
  • bancorBancor Network Token (BNT) $ 1.45
  • iostokenIOST (IOST) $ 0.017603
  • juno-networkJUNO (JUNO) $ 7.98
  • oec-tokenOKC Token (OKT) $ 25.01
  • 1inch1inch (1INCH) $ 0.933188
  • flex-coinFLEX Coin (FLEX) $ 4.90
  • serumSerum (SRM) $ 1.23
  • livepeerLivepeer (LPT) $ 14.85
  • moonbeamMoonbeam (GLMR) $ 1.36
  • evmosEvmos (EVMOS) $ 1.81
  • yearn-financeyearn.finance (YFI) $ 10,057.49
  • celsius-degree-tokenCelsius Network (CEL) $ 0.835894
  • msolMarinade staked SOL (MSOL) $ 57.44
  • liquity-usdLiquity USD (LUSD) $ 1.01
  • omisegoOMG Network (OMG) $ 2.48
  • 0x0x (ZRX) $ 0.408313
  • xido-financeXido Finance (XIDO) $ 12.11
  • bitcoin-goldBitcoin Gold (BTG) $ 19.60
  • rocket-poolRocket Pool (RPL) $ 20.79
  • secretSecret (SCRT) $ 1.94
  • husdHUSD (HUSD) $ 1.00
  • linkLINK (LN) $ 53.80
  • olympusOlympus (OHM) $ 16.65
  • audiusAudius (AUDIO) $ 0.448500
  • bitkub-coinBitkub Coin (KUB) $ 3.59
  • ankrAnkr (ANKR) $ 0.039113
  • ravencoinRavencoin (RVN) $ 0.030127
  • usddUSDD (USDD) $ 1.00
  • justJUST (JST) $ 0.041878
  • everdomeEverdome (DOME) $ 0.025206
  • convex-crvConvex CRV (CVXCRV) $ 1.32
  • swissborgSwissBorg (CHSB) $ 0.317735
  • skaleSKALE (SKL) $ 0.085802
  • iconICON (ICX) $ 0.383644
  • everscaleEverscale (EVER) $ 0.239480
  • iotexIoTeX (IOTX) $ 0.030494
  • titanswapTitanSwap (TITAN) $ 2.83
  • oasis-networkOasis Network (ROSE) $ 0.081092
  • constellation-labsConstellation (DAG) $ 0.109843
  • dogelon-marsDogelon Mars (ELON) $ 0.00000051
  • safemoonSafeMoon [OLD] (SAFEMOON) $ 0.00000011
  • siacoinSiacoin (SC) $ 0.005357
  • mimaticMAI (MIMATIC) $ 0.997823
  • ethereum-name-serviceEthereum Name Service (ENS) $ 10.78
  • sushiSushi (SUSHI) $ 1.37
  • golemGolem (GLM) $ 0.259613
  • zencashHorizen (ZEN) $ 20.78
  • waxWAX (WAXP) $ 0.127500
  • synapse-2Synapse (SYN) $ 1.38
  • trust-wallet-tokenTrust Wallet Token (TWT) $ 0.713147
  • safemoon-2SafeMoon (SFM) $ 0.000445
  • ontologyOntology (ONT) $ 0.275250
  • render-tokenRender Token (RNDR) $ 0.950056
  • plexPLEX (PLEX) $ 0.920874
  • songbirdSongbird (SGB) $ 0.029708
  • ethosVoyager Token (VGX) $ 0.805686
  • escoin-tokenEscoin Token (ELG) $ 3.26
  • astarAstar (ASTR) $ 0.067111
  • swipeSXP (SXP) $ 0.470536
  • pocket-networkPocket Network (POKT) $ 0.212326
  • smooth-love-potionSmooth Love Potion (SLP) $ 0.005555
  • umaUMA (UMA) $ 3.31
  • tether-eurtEuro Tether (EURT) $ 1.05
  • tensetTenset (10SET) $ 2.43
  • nucypherNuCypher (NU) $ 0.176859
  • playdappPlayDapp (PLA) $ 0.579087
  • immutable-xImmutable X (IMX) $ 0.880072
  • woo-networkWOO Network (WOO) $ 0.198586
  • apenftAPENFT (NFT) $ 0.00000075
  • polymathPolymath (POLY) $ 0.223179
  • velasVelas (VLX) $ 0.086341
  • gemini-dollarGemini Dollar (GUSD) $ 1.01
  • illuviumIlluvium (ILV) $ 304.28
  • mxcMXC (MXC) $ 0.081415
  • rally-2Rally (RLY) $ 0.070966
  • casper-networkCasper Network (CSPR) $ 0.040835
  • hiveHive (HIVE) $ 0.525898
  • digibyteDigiByte (DGB) $ 0.012548
  • kyber-network-crystalKyber Network Crystal (KNC) $ 1.87
  • acalaAcala (ACA) $ 0.466952
  • renbtcrenBTC (RENBTC) $ 30,099.00

Bitcoin Approaches Critical Support at $30,000 and Bears Threaten To Go Short

Bitcoin Approaches Critical Support at $30,000 and Bears Threaten To Go Short

Bitcoin (BTC) price is in a downtrend as the largest cryptocurrency has regained the previous level of $32,937. The previous low is the historical price level of January 24.

Bitcoin (BTC) Price Long Term Forecast: Bearish

All indications are that Bitcoin will hit the low of $32,937 again before a new uptrend begins. Moreover, the current downtrend has reached the oversold area of the market. 

Today, the BTC price has dropped to the low of $33,593 at the time of writing. Bitcoin is falling and approaching the psychological price level of $30,000. On the upside, Bitcoin will pull back and rise above the $30,000 support. On the other hand, if the bears break below the psychological price level, BTC price will fall and regain the low of $32,937,

Bitcoin (BTC) Indicator Display

Bitcoin is at level 30 of the Relative Strength Index for period 14. The largest cryptocurrency is also below the 20% range of the daily stochastic. The price indicators suggest that the market has reached the oversold zone. It is likely that buyers will appear in the oversold region and push the prices up. The 21-day line SMA and the 50-day line SMA are sloping downward, indicating a downward trend. 

Bitcoin Approaches Critical Support at $30,000 and Bears Threaten To Go Short

Technical Indicators: 

Key resistance levels – $65,000 and $70,000

Key support levels – $60,000 and $55,000

What is the next direction for BTC/USD?

Bitcoin has continued to fall. The price indicator has indicated a possible decline to a new low. Meanwhile, on April 26, the downtrend; a retreating candlestick tested the 38.2% Fibonacci retracement level. The retracement indicates that BTC will fall to the 2.618 Fibonacci extension level or to the low of $32,735.30.

Bitcoin Approaches Critical Support at $30,000 and Bears Threaten To Go Short

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.

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