Bitcoin (BTC) Price Prediction for May 27

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U.Today
05-27

Most of the top 10 coins are again in the green zone, according to CoinStats.

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Top coins by CoinMarketCap 

BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday.

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Image by TradingView

On the hourly chart, the price of the leading crypto is in the middle of the channel, which means there are low chances for sharp moves until tomorrow. This statement is also confirmed by the ATR, which has almost been passed.

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Image by TradingView

On the bigger time frame, the picture is similar. If the daily bar closes around the current prices, traders are unlikely to witness a test of support or resistance levels shortly.

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Image by TradingView

From the midterm point of view, one should focus on the weekly bar's closure in terms of the $109,356 level. 

If the weekly bar closes near it or above, the accumulated energy might be enough for ongoing growth to new peaks.

Bitcoin is trading at $109,635 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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