BTC/USD Stabilizes Above $19,000 Resistance

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Bitcoin price prediction shows BTC trading at $19,264 as the coin appears to be gearing up for another upward move.

Bitcoin Prediction Statistical Data:

Bitcoin price now – $19,264
Bitcoin Market Cap: $371.6 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: $21,000, $23,000, $25,000

Support levels: $17,500, $15,500, $13,500

BTC/USD is likely to cross above the upper limit of the channel at $19,129.72 as the coin prepares to continue the up move. At time of writing, the king coin is likely to extend towards the $20,000 resistance level if the bulls push harder.

Bitcoin Price Prediction: Bitcoin (BTC) May Hit $20k Resistance

Bitcoin price is heading higher, any further bullish move above the channel could locate potential resistance levels at $21,000, $23,000, and $25,000. However, if BTC/USD rises to the upper limit of the channel, this could be a sign of sustainability and will likely result in a bullish continuation.

However, if the price of Bitcoin does not go up; Traders could see the price cut towards the lower boundary of the channel, and a further low could take the price to the support levels at $17,500, $15,500 and $13,500 respectively. But as it stands, the Bitcoin price is likely to go higher as the technical indicator Relative Strength Index (14) stays within the overbought region.

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

According to the 4-day chart, the Bitcoin price is above the 9-day and 21-day moving averages. However, suppose the bulls push the market above this upper bound of the channel, traders can wait for a retest of the $19,400 resistance level, breaking this level can further push the price towards the $20,000 resistance level, and more like technical indicator Relative Strength Index (14) remains within the overbought region, suggesting a bullish signal.

BTCUSD – 4 hour chart

However, if the bulls failed to push the market above the channel, traders can look for a break below the 9-day moving average, and breaking below this barrier can push the price towards the critical $ support level. 18,500 or less.

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