BTC/USD soars to $25,000; The price could go up

Looking at the daily chart, the Bitcoin price prediction shows positive signs and is likely to accelerate further in the near term.

Bitcoin Prediction Statistical Data:

• Bitcoin price now: $25,080
• Bitcoin Market Cap: $479.9 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: $29,000, $30,000, $31,000

Support levels: $22,000, $21,000, $20,000

According to the daily chart, BTC/USD breaks above $25,000 as the king coin prepares to breach the upper limit of the channel. The first digital crypto is seen trading well above the 9-day and 21-day moving averages around $25,080. Furthermore, the Bitcoin price is likely to reach a new all-time high above the previous high of $25,180.71, which is quite remarkable.

Bitcoin Price Prediction: Bitcoin (BTC) Prepares for Rush

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, the longer-term outlook could be said to favor the bulls, as the daily close produced a bullish candle with eyes now on the daily resistances of $29,000, $30,000, and $31,000 respectively.

In other words, any move lower from the current level could trigger critical supports below the 9-day and 21-day moving averages. Meanwhile, BTC could drop and touch the support low of $24,000, once this comes into focus the king coin may reach support levels at $22,000, $21,000, and $20,000. However, the Technical Indicator Relative Strength Index (14) is now moving to cross into the overbought region, suggesting more bullish signals.

BTC/USD Medium Term Trend: Bullish (4-hour chart)

Looking at the 4-hour chart, Bitcoin price is seen to be trading above the 9-day and 21-day moving averages at $24,943. However, today’s price move turns out to be impressive as it breaks above the long-awaited $25,000 resistance level with a steep cross. Furthermore, BTC/USD is now holding its uptrend above this level, as the technical indicator Relative Strength Index (14) remains above the 60 level.

On the other hand, BTC could take a move lower if the bulls fail to push the price up and the coin can break below the 9-day and 21-day moving averages, which could reach another support at $23,000 or lower. However, if the bulls find a decent resistance level around $25,300, the coin can continue the bullish move above the upper limit of the channel to reach the resistance level of $27,000 or higher.

Bitcoin Alternatives

Based on the daily chart, the bullish momentum for Bitcoin (BTC) looks very high right now, and a stable bullish move above the $25K resistance is the most likely scenario right now. However, there is another crypto that naturally attracts the attention of all sectors of the cryptocurrency market. Fight Out is currently in its pre-sale phase and nearly $4.5 million has been raised so far. Therefore, presale investors can earn up to 50% in bonus tokens depending on how much FGHT they buy and how long they decide to lock it for.

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