BTC/USD Trades at $19,331 as Correction Lingers

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The Bitcoin value prediction is just below $19,500 amid the battle to increase the bullish leg above the $20,000 resistance.

Bitcoin Prediction Statistics Data:

Bitcoin value now – $19,331
Bitcoin market cap – $372.7 billion
Bitcoin circulating provide – 19.1 million
Bitcoin whole provide – 19.1 million
Bitcoin Coinmarketcap rating – #1

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key ranges:

Resistance Levels: $22,000, $23,000, $24,000

Support Levels: $17,000, $16,000, $15,000

BTC/USD is buying and selling across the 9-day and 21-day transferring averages, as the market value stays above $19,000. During the European session at present, the Bitcoin value trades close to the $20,000 resistance. Initially, buying and selling above $20,000 has been an uphill battle for the coin, whereas a lot of the value actions towards the upside stalled round this stage.

Bitcoin Price Prediction: Bitcoin (BTC) Could Remain Flat

The break above $20,000 goes to be a giant step for the Bitcoin value as this can enable them to broaden their scope above $21,000, which has at all times been a restriction for the coin. Note that Bitcoin (BTC) is seen above the 9-day and 21-day transferring averages, but it surely may nonetheless convey massively bullish alerts for the market if the bulls play out. However, if the value ought to droop beneath the transferring averages, the $18,000 stage could possibly be an essential zone to keep watch over. Once bulls flip this stage into help, the next main helps for the world’s main crypto could possibly be $17,000, $16,000, and $15,000.

However, the king coin continues to hover across the $19,331 zone; there are two essential value ranges to concentrate to; the underlying help at $19,000 and the overhead resistance at $20,000, which is able to assist decide the place costs are prone to head subsequent as the potential resistance ranges could possibly be positioned at $22,000, $23,000, and $24,000. Meanwhile, the technical indicator Relative Strength Index (14) suggests a bearish motion as the sign line strikes beneath the 50-level.

BTC/USD Medium-term Trend: Ranging (4H Chart)

According to the 4-hour chart, BTC/USD wants to stay above the 9-day and 21-day transferring averages to mitigate the short-term bullish strain and permit for an prolonged restoration towards $19,500. However, the next resistance stage could also be discovered at $20,200 and above.

BTCUSD – 4-Hour Chart

On the opposite hand, the closest help is beneath the transferring common at $19,000, whereas a important transfer beneath this stage might improve the draw back strain to the help stage of $18,700 and beneath. Meanwhile, the technical indicator Relative Strength Index (14) could possibly be beginning a bullish motion above the 50-level, which may push the coin to the constructive facet.

At the time of writing, the IMPT token is already on presale, and in lower than a couple of weeks, the token managed to lift greater than $7 million. However, with over 25,000 associates becoming a member of their community and utilizing their providers, IMPT has a strong basis to make a major leap as soon as their presale ends.

Stage one of many Dash 2 Trade presale has been bought out and this took lower than 4 days. At the second, D2T continues to be low-cost at 0.05 USDT in stage two, the quantity raised up to now approaches $2 million.

Dash 2 Trade – High Potential Presale