Bitcoin (BTC) Price Prediction for May 21
Emily HarrisBullish Trend Continues for Bitcoin (BTC)
According to CoinStats, the current market growth appears likely to continue today. Bitcoin (BTC), one of the top performers, has surged by nearly 4%.
On the hourly chart, BTC's price is testing the recently formed resistance level at $109,500. If buyers sustain their momentum, the upward movement could extend toward the $110,000 zone.
From a broader perspective, Bitcoin's price is climbing after breaking through the $107,115 resistance level. Should the daily candle close near its peak, traders might see a test of the $110,000-$112,000 range in the coming days.
In the medium term, BTC is pushing past the $108,364 resistance level. With no reversal signals in sight, further growth toward a new all-time high remains a strong possibility.
As of now, Bitcoin is trading at $109,195.
