The Bitcoin value prediction reveals that BTC could fall under the shifting averages if it touches the assist of the $22,000 degree.
Bitcoin Prediction Statistics Data:
Bitcoin value now – $22,512
Bitcoin market cap – $430.9 billion
Bitcoin circulating provide – 19.1 million
Bitcoin complete provide – 19.1 million
Bitcoin Coinmarketcap rating – #1
BTC/USD Long-term Trend: Bearish (Daily Chart)
Key ranges:
Resistance Levels: $30,000, $32,000, $34,000
Support Levels: $17,000, $15,000, $13,000
The day by day chart reveals that BTC/USD could declare extra assist because the king coin strikes inside the descending channel with the present consolidation sample. More so, because the coin fails to cross above the higher boundary of the channel, BTC/USD could seemingly see a pointy drop in direction of the decrease boundary of the channel. However, the primary degree of assist could also be positioned at $22,000. Beneath this, different helps lie at $17,000, $15,000, and $13,000.
Bitcoin Price Prediction: Bitcoin (BTC) May Head to the South
According to the day by day chart, the Bitcoin value has failed to interrupt above the resistance degree at $23,000, the king coin could arrange one other few days of unfavorable value declines beneath $22,000. A break above the earlier degree would have set Bitcoin as much as retest the $24,000 degree. Meanwhile, the technical indicator Relative Strength Index (14) could head to the south.
Today, the Bitcoin value touches the day by day low of $22,392 however now dropping to create one other assist degree under the 9-day and 21-day shifting averages. However, it does seem like bears could find yourself closing under this assist. On the opposite, if the coin strikes towards the upside, resistance ranges may very well be positioned at $30,000, $32,000, and $34,000.
BTC/USD Medium-term Trend: Ranging (4H Chart)
The 4-hour chart reveals that the Bitcoin bulls are prone to step again into the market by pushing the BTC value to cross above the 9-day and 21-day shifting averages. Although the Bitcoin value has not but slipped under $22,000 in the previous couple of hours, it’s nonetheless within the loop of constructing a bounce again.
At the second, BTC/USD is presently shifting under the shifting averages. The upward motion could seemingly push the worth nearest resistance at $24,500 and above whereas the fast assist lies at $21,000 and under. The technical indicator Relative Strength Index (14) is shifting to cross above the 40-level, suggesting that the market could head to the north.
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