The Bitcoin worth prediction revisits the resistance degree of $22,000 because the king coin targets a $25,000 excessive.
Bitcoin Prediction Statistics Data:
Bitcoin worth now – $21,792
Bitcoin market cap – $416.5 billion
Bitcoin circulating provide – 19.0 million
Bitcoin complete 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 recovering in direction of the upside as the primary digital asset touches the resistance degree of $22,490. For the previous few days, the Bitcoin worth has been going through the upside to the extent of shifting in direction of the higher boundary of the channel.
Bitcoin Price Prediction: Would BTC Increase the Upward Movement?
At the second, merchants might see that the Bitcoin worth is heading towards the higher boundary of the channel. Although, the 9-day MA trend-line is shifting to cross above the 21-day MA as they put together to create extra upside. However, the technical indicator Relative Strength Index (14) is shifting to cross above the 50-level in an try to in all probability transfer into the upside.
Meanwhile, a transparent break above the resistance degree of $24,000 might set the tempo for a bigger improve to $28,000, $30,000, and $32,000 resistance ranges. Meanwhile, ought to the Bitcoin worth fail to clear the resistance degree of $22,000, it could expertise a brand new decline in direction of the decrease boundary of the channel. Therefore, if there’s a draw back break under the shifting averages, the value might hit the help ranges of $16,000, $14,000, and $12,000.
BTC/USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, BTC/USD appears bullish because the market is at present exhibiting an indication of a bullish motion. However, following the current rebound at $21,500 which is now a key help degree, the king coin is predicted to remain above this degree. Meanwhile, any bearish motion under the 9-day and 21-day shifting averages might find the help degree at $21,000 and under.
However, contemplating the current sharp rebound, the Bitcoin worth could proceed the bullish motion to $22,000 resistance. A climb above the higher boundary of the channel could additional push the BTC worth to the resistance degree of $23,000 and above. As it appeared now, it appears the bulls could return to the market because the Relative Strength Index (14) stays above the 60-level.
eToro – Our Recommended Bitcoin Platform
Regulated by the FCA, ASIC and CySEC
Buy Bitcoin with Bank switch, Credit card, Neteller, Paypal, Skrill
Free Demo Account, Social Trading Community – 20 Million Users
Free Bitcoin Wallet – Unlosable Private Key
Copytrade Winning Bitcoin Traders – 83.7% Average Yearly Profit
68% of retail investor accounts lose cash when buying and selling CFDs with this supplier.
Read extra:
