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The Bitcoin value prediction exhibits that BTC is following the bullish motion because the king coin heads to the upside.
Bitcoin Prediction Statistics Data:
Bitcoin value now – $20,208
Bitcoin market cap – $386.3 billion
Bitcoin circulating provide – 19.1 billion
Bitcoin complete provide – 19.1 billion
Bitcoin Coinmarketcap rating – #1
BTC/USD Long-term Trend: Ranging (Daily Chart)
Key ranges:
Resistance Levels: $23,000, $25,000, $27,000
Support Levels: $18,000, $16,000, $14,000
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BTC/USD is seen pushing the market value above the potential resistance stage of $20,000 as consumers want to push the value above the 9-day shifting common. However, the Bitcoin value might transfer with robust bullish momentum after a sustainable break above an essential resistance stage.
Bitcoin (BTC) Heads to the Upside as Tamadoge (TAMA) Goes Bullish
Looking on the day by day chart, the technical indicator Relative Strength Index (14) prepares to cross above the 40-level because the consumers seem to push the Bitcoin value above the 9-day shifting common. Moreover, the Bitcoin value appears to be struggling beneath this barrier, suggesting that BTC/USD might retreat a little bit bit, earlier than making an attempt to break larger once more.
Nevertheless, the $21,000 stage might align with the preliminary resistance and a day by day shut above this stage might elevate the value to the resistance ranges of $23,000, $25,000, and $27,000. On the opposite, Bitcoin might retreat and slide beneath the decrease boundary of the channel. However, if it breaks beneath the channel, the crucial helps could also be situated at $18,000, $16,000, and $14,000 respectively.
BTC/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-hour chart, BTC/USD is at present buying and selling above the 9-day and 21-day shifting averages. The king coin might transfer in the direction of the higher boundary of the channel to hit the resistance stage of $22,000 and above. But it’s doubtless to vary certain above the shifting averages whereas the consumers might maintain the place intact.
However, the Relative Strength Index (14) exhibits that the BTC value might transfer sideways because the sign line stays beneath the 40-level. Therefore, if the coin decides to head to the draw back; the assist stage of $19,000 and beneath could also be situated.
Find out the most recent Bitcoin value on CoinCodex.
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