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The Bitcoin price prediction shows that BTC is following the bullish day of three consecutive days as the king coin heads higher.
Bitcoin Prediction Statistical Data:
- Bitcoin price now: $24,961
- Bitcoin Market Cap: $478.8 Billion
- Bitcoin circulating supply: 19.2 billion
- Total Bitcoin supply: 19.2 billion
- Bitcoin Coinmarketcap Ranking – #1
BTC/USD Long-Term Trend: Bullish (Daily Chart)
Key levels:
Resistance levels: $29,000, $31,000, $33,000
Support levels: $21,000, $19,000, $17,000
BTC/USD is seen pushing the market price above the potential resistance level of $24,000 as the bulls need to hold the price above the 9-day and 21-day moving averages. However, Bitcoin price could move with strong bullish momentum after a sustainable break above a major resistance level of $25,000.
Bitcoin Price Prediction: Bitcoin (BTC) Will Move Higher
The bulls are back for good as the Bitcoin price is up 3% in the last 24 hours. At the time of writing, Bitcoin (BTC) touches the daily high at $225,256. However, the Relative Strength Index (14) technical indicator is preparing to cross above the upper limit of the channel if the bulls increase buying pressure.
To the upside, the $25,500 level lines up with initial resistance. A daily close above this could push the price to the $29,000, $31,000, and $33,000 resistance levels. Conversely, the Bitcoin price could pull back and slide below the 9- and 21-day moving averages. if the bears return to the market. Therefore, if it breaks towards the lower boundary of the channel, the critical supports can be located at $21,000, $19,000 and $17,000 respectively.
BTC/USD Medium Term Trend – Range (4-hour chart)
According to the 4-hour chart, BTC/USD is currently trading above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel to reach the $27,500 resistance level. and more. Meanwhile, the Bitcoin market is likely to range beyond the moving averages as buyers hold the position intact.
Looking at the chart, the Relative Strength Index (14) shows that the BTC price may continue to rise as the signal line remains within the overbought region. Conversely, if the currency decides to cross below the 9-day and 21-day moving averages; the support level of $23,000 or lower can be located.
Bitcoin Alternatives
According to the daily chart, the Bitcoin price rose more than 10% and broke above the $24,000 resistance level, as the real coin traded above $25,000 and remains supported for further short-term gains. However, the MEMAG token has reached over $4.7 million in pre-sale as of this writing and will provide an excellent retail trading tool for traders investing more in the coin.
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