Bitcoin price forecast shows that BTC is trading at $ 39,723 because the coin seems to be preparing for another upward movement.
Bitcoin Procurement Statistics
- Bitcoin price now – $ 20,511
- Bitcoin market value – $ 395.1 billion
- Bitcoin Transfer Supply – 19.0 Million
- Total supply of Bitcoin – 19.0 million
- Bitcoin Coinmarketcap Rank – # 1
BTC / USD Long-Term Trend (Daily Chart)
Key Steps:
Resistance levels: $ 27,000, $ 29,000, $ 31,000
Support levels fall $ 15,000, $ 13,000, $ 11,000
As the coin prepares for further highs, BTC / USD is trading at $ 20,511 on the 9-day and 21-day moving averages. If bulls put more pressure on the market, at the time of writing, the initial digital coin could extend its resistance to $ 22,000.
Bitcoin price forecast BTC / USD is ready to cross over $ 21k.
Bitcoin is currently on the rise, with more than 9-day and 21-day moving averages more than $ 27,000, $ 29,000 and $ 31,000. Typically, when new developments come, traders can use moving averages to measure the strength of the trend. However, if the BTC / USD rises to the upper limit of the channel, this could be a sign of permanence, and possibly a continuation of cruelty.
Also, if the price of Bitcoin does not move upwards; Traders may see a drop below the channel’s lower limit, and further lower prices could lead to support levels of $ 15,000, $ 13,000 and $ 11,000 respectively. As you can see, the price of Bitcoin may rise as the Technical Indicator Relative Strength Index (14) crosses the 30-level range.
BTC / USD Medium Trend (4H chart)
According to the 4-hour chart, the market is moving sideways in the 9-day and 21-day moving averages as bulls return to the market and push the king’s coin above the station’s upper limit. If not, the support level could be $ 18,000 and below into the game.
However, if the bulls push the market higher, traders may expect to re-test the $ 22,000 resistance level, and breaking that level could push the price target to $ 24,000 and above as a technical indicator relative strength (14). It stays above 50 degrees, which is a sign of bullying.
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