BTC/USD Rises Above $21,500 Resistance

join our Telegram channel to stay up to date on breaking news coverage

Bitcoin price prediction restarts uptrend after crossing above the potential barrier of $21,500 to touch the daily high of $21,999.

Bitcoin Prediction Statistical Data:

Bitcoin price now – $21,888
Bitcoin Market Cap: $421.7 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: $24,000, $25,000, $26,000

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

BTC/USD is looking green today as the price holds above the $21,500 resistance level from the $20,568 low. However, a daily close above the $22,000 level may push Bitcoin price higher to $23,000. At the moment, all eyes are on the next hurdle above the channel’s upper limit, as a steady rise in prices may encourage more buyers to join the market if the bulls increase their positions.

Bitcoin Price Prediction: Bitcoin Price May Jump Higher

At the time of writing, the Bitcoin price is moving higher at its current price of $21,888.67 with two consecutive bullish days. Based on the daily chart, this marks a significant increase from the opening price of the $20.865 level; therefore, it is important to note that the current price movement can break above the upper limit of the channel.

However, if the market decides to break below the 9-day and 21-day moving averages, the Bitcoin price could go towards the lower boundary of the channel, and before reaching this barrier, traders could have reached support levels. at $19,000. $18,000 and $17,000 respectively. Regardless, any further move higher may take the coin to the resistance level of $24,000, $25,000, and $26,000 as the Relative Strength Index (14) remains within the overbought region, suggesting more signals. bullish.

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

According to the 4-hour chart, Bitcoin price is above the 9-day and 21-day moving averages as intraday trading looks bullish against the upper bound of the channel to reach the $24,000 resistance level and above. .

BTCUSD – 4 hour chart

However, if the buyers fail to continue to push the market higher, traders can wait for a pullback below the $21,000 support level, and breaking below this level can further push price towards the lower boundary of the channel. to reach the support level of $20,000 and below. Meanwhile, the Relative Strength Index (14) crosses above the 70 level, suggesting bullish signs.

However, Meta Masters Guild (MEMAG) is the fastest growing Play-to-Earn guild this year. So it will be the biggest mobile game guild on Web3. Fun and interesting games are created, which are supported by NFT. And there, the members of the community are rewarded while they speculate and also invest. He MEGA Pre-sale is ongoing and close to $1 million has been raised so far.

Meta Masters Guild – Play and earn cryptocurrency