The Bitcoin price prediction shows that BTC is trading at $ 39,723 as the coin seems to be preparing for another upward movement.
Bitcoin Prediction Statistics Data:
- Bitcoin price now – $ 20,511
- Bitcoin market cap – $ 395.1 billion
- Bitcoin circulating supply – 19.0 million
- Bitcoin total supply – 19.0 million
- Bitcoin Coinmarketcap ranking – # 1
BTC / USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $ 27,000, $ 29,000, $ 31,000
Support Levels: $ 15,000, $ 13,000, $ 11,000
BTC / USD is trading towards the 9-day and 21-day moving averages at $ 20,511 as the coin prepares to gain additional higher levels. At the time of writing, the first digital coin is likely to extend towards the resistance level of $ 22,000 if the bulls put more pressure on the market.
Bitcoin Price Prediction: BTC / USD Ready for A Cross Above $ 21k
At the moment, the Bitcoin price is heading towards the upside, any further bullish movement above the 9-day and 21-day moving averages could locate the potential resistance levels at $ 27,000, $ 29,000, and $ 31,000. Normally, when the new uptrends are coming up, traders may use the moving averages to gauge the strength of the trend. Nevertheless, if BTC / USD soars to the upper boundary of the channel, this could be a sign of sustainability and may likely result in a bullish continuation.
Furthermore, if the Bitcoin price fails to move up; traders may see a price cut below the lower boundary of the channel, and a further low could bring the price to the support levels at $ 15,000, $ 13,000, and $ 11,000 respectively. But as it stands, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) moves to cross above the 30-level.
BTC / USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, the market is following a sideways movement within the 9-day and 21-day moving averages as the bulls are coming back into the market to push the king coin above the upper boundary of the channel. If not, the support level of $ 18,000 and below may come into play.
However, if the bulls push the market above the channel, traders may expect a retest of the $ 22,000 resistance level, and breaking this level may further push the price towards the resistance level of $ 24,000 and above as the technical indicator Relative Strength Index (14) remains above 50-level, suggesting a bullish signal.
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