Bitcoin’s performance in May 2024 has seen a bullish trend to $71,000 from $60,000 and some analysts are predicting a great bullish trend this will happen in the next few months in 2024 . But bitcoin will take a correction.

Here’s a breakdown of the key points:

• Price Range: Experts have identified a support level of around $66,000 and a resistance level of around $69,200. Bitcoin’s price has fluctuated within this range
• Overall Trend: There’s some disagreement. Some analysts see a neutral-bullish trend with a potential upside of 11.81% by the end of May, reaching $76,088 [5]. Others predict a bearish trend with a downside risk if the support level breaks [1, 3].
• Technical Indicators: There are mixed signals. The Fear and Greed Index suggests a “Greed” sentiment, while the stochastic indicator on some charts points toward a potential decline [3, 5].

Here are some resources for further reading:

• Short-term analysis for May 30th, 2024: LiteFinance analysis for BTCUSD
• Bitcoin price forecast update for May 30th, 2024: Economies.com Bitcoin price forecast
• Bitcoin (BTC) Price Prediction 2024: Changelly Bitcoin price prediction

Remember, cryptocurrency is a volatile market, and predictions can be wrong. Do your research before making any investment decisions.