BNB/USDT and BTC/USDT analysis Thursday 12 May 2022

VCGamers analyzes the movement of crypto assets BNB/USDT and BTC/USDT today, Thursday 12 May 2022.

This analysis is to predict the movement of the two crypto assets.

Let's see more!

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BNB/USDT analysis

Market conditions this afternoon are predicted to have entered the Weekly Candle.

Likely, it will go to the basis of the referral pattern on the Descending Channel which will go to its strongest support at $202,- / $200.- and will refer around 23-25 May 2022 to resistance $310,- $345.

Thus, today's BNB/USDT market is predicted to remain bearish.

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BTC/USDT analysis

Furthermore, market conditions this afternoon have entered the weekly candle chart and are predicted to be forming a Bullish Falling Wedge Pattern.

There are two predictions for the movement of BTC/USDT crypto assets today.

The first prediction is that if there is a reference movement tomorrow, the market will go to its nearest resistance at the price of $34.278,- / $38.326,-.

Then, the second prediction is that if the market continues to fall/bearish, the market will head for its strongest support at the price of $24.205,- / $19.746,-.

Thus, the BTC/USDT crypto asset is predicted to remain bearish.

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Investing in crypto assets is a high-risk thing. Know the advantages and risks of investing in crypto.

Besides that, learn the fundamentals of the crypto assets you want to choose to invest in.