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The Bitcoin price prediction has faced mixed price action in recent days, with the cryptocurrency experiencing multiple uptrends and selloffs.
Bitcoin Prediction Statistical Data:
- Bitcoin price now: $24,818
- Bitcoin Market Cap: $479.6 Billion
- Bitcoin circulating supply: 19.2 million
- Total Bitcoin supply: 19.2 million
- Bitcoin Coinmarketcap Ranking – #1
BTC/USD Long-Term Trend: Bullish (Daily Chart)
Key levels:
Resistance levels: $28,000, $29,000, $30,000
Support levels: $21,000, $20,000, $19,000
At the time of writing, BTC/USD is trading just above 2.17% at its current price of $24,818, marking a notable increase from recent lows of $23,865 that were set in the early hours today. However, the kingcoin’s strength is showing little sign of degradation, with bulls aggressively buying every dip as bears struggle to gain momentum. Meanwhile, the medium-term crypto trends will no doubt depend heavily on whether or not it can break above $25,000.
Bitcoin Price Prediction: What to Expect from Bitcoin (BTC)
At the time of writing, the Bitcoin price is moving marginally to its current price of $24,818. Although this marks a significant rally from the opening price of $24,219.62, it is important to note that this could mark a bull-friendly break above the upper channel boundary.
Meanwhile, as the Technical Indicator Relative Strength Index (14) looks north, a sustainable move above the 60 level could locate the nearest resistance at $26,000, reaching this may allow for an extended rally towards $28,000, $ 29,000 and $30,000 respectively. Conversely, any bearish movement towards the lower boundary of the channel can force the Bitcoin price to reach the supports of $21,000, $20,000 and $19,000.
BTC/USD Medium Term Trend – Range (4-hour chart)
According to the 4-hour chart, BTC/USD should rally above the 9- and 21-day moving averages to mitigate any near-term bearish pressure and allow for an extended rally towards $25,500. Further resistance may be found to $26,500 and up.
Conversely, the closest support is at $24,000, and a sustainable move below this level can add to the downside pressure and push the price towards the support level of $23,500 or below. Considering that the Relative Strength Index of the technical indicator (14) could turn higher, therefore, traders could expect more bullish signals to come into focus.
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Looking at the daily chart, Bitcoin price is trading comfortably towards the upper limit of the channel as the price establishes a new bullish signal. However, one could say that the longer-term outlook could favor the bulls if the coin gains a further uptrend. Meanwhile, Fight Out is innovative because it integrates cryptocurrency with fitness and modern thinking that makes use of mobile phones. So it’s obvious that FGHT is a much better investment as it provides a lot more chances to win since around $5 million has been raised in pre-sale so far.
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