BNB and BTC Analysis and Predictions Thursday 5th May 2022

VCGamers analyzed the movement of BNB/USDT and BTC/USDT crypto assets today, Thursday 5 May 2022.

This analysis is carried out to predict the movement of the crypto asset.

BNB/USDT analysis

This time we will start with the results of the analysis bnb/USDT today.

Based on VCGamers analysis, today's market conditions are in line with yesterday's prediction and is in a resistance position $396,- / $403,- and will then move towards resistance $409,- / $416,-.

This happened after the formation of a symmetrical triangle pattern and now a bullish double bottom pattern has also formed.

If at this time a correction occurs, it will return to support $396,- / $394,- / $388,-.

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BTC/USDT analysis

Furthermore, we also analyze and predict the movement of BTC/USDT crypto assets.

Based on analysis, today's BTC/USDT is up around 7.3% at the price of $41.673,- and is also supported by the Cadle Bullish Hammer and the Double Bottom Pattern which are predicted to rise to resistance at the price of $42.785,-.

We will say that investing in crypto is a high-risk thing.

You should know crypto investment risks and rewards before starting it.

Apart from that, we also have to know the fundamentals of the crypto assets that we invest.

So, we can make the right decision to invest or not to invest.

Always do your own research (DYOR) before investing further.