Bitcoin (BTC) Price Prediction for May 30

Crypto Market Holds Steady, Experts Remain Cautiously Optimistic

According to the latest analysis from CoinStats, the crypto market shows no clear reversal signals, indicating a period of relative stability. Bitcoin (BTC), the leading cryptocurrency, has seen a modest 2.64% decline since yesterday.

Short-Term Outlook

On the hourly chart, BTC's price shows signs of recovery after a false breakout of the $104,688 support level. If bullish momentum continues, the market could test resistance at $106,207 in the near term.

Broader Market Analysis

Looking at the daily timeframe, Bitcoin's price has also experienced a false breakout below yesterday's low. A strong closing price above this level could signal renewed buyer interest, potentially driving prices back toward $107,000.

Mid-Term Considerations

From a weekly perspective, Bitcoin has once again tested but failed to break through the $109,356 resistance level. If prices close near current levels or lower, traders may see a retest of the $100,000 support zone in coming weeks.

Current Bitcoin Price: $105,658 (as of latest data)