Ethereum
Biggest Crypto Market Predictions for May 2024 | BTC, ETH and WIF in brief
Bitcoin (BTC) Price Action, May 2024 | Crypto Market Predictions
A target of $77,000 could be reached this month, and if bearish factors were less dominant, Bitcoin would surpass $80,000. However, on the other hand, the price of Bitcoin could fall to $54,000 if a downtrend appears in the market.
Bitcoin faced issues in April crossing the Fibonacci pivot at $68,200. A similar trend could push Bitcoin towards the same opportunity.
Once Bitcoin surpasses the R1 level of around $73,000, it will then aim for the $77,000 mark at the R2 level. This will eventually push the value towards the R3 level of $82,000.
Meme Coins will come together in May
Over the past 24 hours, the market capitalization of meme coins increased by 11%, while the trading volume jumped by 40%, implying the best recovery in the market. Based on many similar analyzes and meme trends invading the crypto market, crypto price predictions speak of meme coin dominance in May.