The Bitcoin value prediction reveals that BTC might get away of the present short-term sample and transfer in the direction of the $22,000 degree.
Bitcoin Prediction Statistics Data:
Bitcoin value now – $21,156
Bitcoin market cap – $405.1 billion
Bitcoin circulating provide – 19.0 million
Bitcoin whole provide – 19.0 million
Bitcoin Coinmarketcap rating – #1
BTC/USD Long-term Trend: Bearish (Daily Chart)
Key ranges:
Resistance Levels: $28,000, $30,000, $32,000
Support Levels: $16,000, $14,000, $12,000
BTC/USD is for the time being buying and selling at $21,156 with a 0.16% loss after touching the every day excessive of $21,667. Looking on the every day chart, the Bitcoin value may battle to remain above the 9-day and 21-day transferring averages. More so, for BTC/USD to stay above this barrier, it may make many merchants really feel that the $21,000 assist degree could possibly be fairly robust.
Bitcoin Price Prediction: Would BTC Price Break Higher
The Bitcoin value might not drop a lot, but when the primary digital coin breaks under the 9-day and 21-day transferring averages, it may change the route of the coin to face the decrease boundary of the channel. Alternatively, Bitcoin (BTC) might reclaim the earlier resistance degree of $22,000 to go to the upside. If profitable, BTC/USD may intention on the resistance ranges of $28,000, $30,000, and $32,000 respectively.
However, the technical indicator Relative Strength Index (14) is transferring under 50-level because the coin might consolidate round this degree, however this might imply that there should still be a room that could possibly be explored by the bears if it crosses under 40-level. Therefore, the assist ranges of $16,000, $14,000, and $12,000 might play out.
BTC/USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, the technical indicator Relative Strength Index (14) is sliding in the direction of the 50-level, and this may increasingly affirm the bearish motion if it crosses under it. On the opposite, there’s a little little bit of bullish divergence on the chart because the 9-day MA is above the 21-day MA.
However, if the Bitcoin value breaks under the decrease boundary of the channel, the market value might probably attain assist at $19,000 and under. Meanwhile, if the present market worth rises and crosses above the 9-day transferring common, it could attain the resistance degree at $23,000 and above.
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