Cryptocurrencies Market Price Analyse 6th of May
The price of bitcoin began a precipitous slide after a sharp rejection at USD 40,000. BTC fell below the USD 36,500 support level and approached the USD 35,850 level before rebounding. It has recovered some of its losses and is presently trading at or above the USD 36,200 resistance level. The USD 37,000 level will act as a short-term roadblock. The USD 37,500 level is presently emerging as the next major level of resistance.