BTC/USD Moves Near $22,500 Resistance

The Bitcoin price prediction shows that BTC could retest the $22,000 level for it to see a steady rise above the moving averages.

Bitcoin Prediction Statistical Data:

• Bitcoin price now – $22,233
• Bitcoin Market Cap: $429.3 Billion
• Bitcoin circulating supply: 19.2 million
• Total Bitcoin supply: 19.2 million
• Bitcoin Coinmarketcap Ranking – #1

BTC/USD Long-Term Trend – Range (Daily Chart)

Key levels:

Resistance levels: $26,000, $27,000, $28,000

Support levels: $19,000, $18,000, $17,000

BTC/USD is likely to rally higher if the bulls hold the price at $22,200, which is the support zone, and the first digital asset needs to cross above the 9-day and 21-day moving averages to kick off. another increase. As of this writing, the Bitcoin price is still below the 9-day and 21-day moving averages.

Bitcoin Price Prediction: Would BTC Earn More?

According to the daily chart, the Bitcoin price could have more bullish trends if it moves towards the upper limit of the channel. Traders could see Bitcoin price aiming to cross above the key $22,300 level and the 9-day MA trend line may also need to cross above the 21-day MA for the coin to move higher. bright side. The Relative Strength Index (14) is moving above the 50 level in an attempt to probably start a sideways move.

Meanwhile, a clear break above the $23,000 level could set the pace for a larger rally to the $26,000, $27,000, and $28,000 resistance levels. Conversely, if Bitcoin price fails to reach the nearest resistance at $22,500, a new decline could begin and initial support on the downside could be found below the moving averages. If there is a break below this barrier, the King coin could see a sharp drop towards the support levels of $19,000, $20,000, and $21,000 respectively.

BTC/USD Medium Term Trend – Range (4-hour chart)

According to the 4-hour chart, BTC/USD continues to average as the market begins to show signs of sideways movement. In the meantime, intraday trading is likely to follow the move higher, but any move lower towards the lower boundary of the channel could locate critical support at or below $19,000.

Therefore, considering the recent strong rally, a rally above the 21-day moving average could take BTC price to the resistance level of $26,000 or higher. As it now appears, it looks as though the bears could return to the market if the Relative Strength Index (14) crosses below the 50 level, signaling a bearish sign.

Bitcoin Alternatives

Bitcoin price is attempting a bullish correction above the $22,000 resistance, but the king coin needs to break above the $22,350 and $22,400 resistance levels to continue rallying anytime soon. Meanwhile, the MEMAG token is still selling very well on the market as more than $4.5 million has been raised in the pre-sale. Therefore, savvy investors are expected to adopt the coin before the end of the pre-sale.

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