BTC/USD tests the $23,679 level, what’s next?

Bitcoin price prediction bounces off the $23,322 support when the coin approaches the $23,700 resistance level within the channel.

Bitcoin Prediction Statistical Data:

• Bitcoin price now: $23,645
• Bitcoin Market Cap: $453.3 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: $27,000, $28,000, $29,000

Support levels: $21,000, $20,000, $19,000

BTC/USD is trading around $23,645 with a gain of 0.07% as the coin touches the daily high of $23,679. According to the daily chart, the Bitcoin price may start to struggle to cross above average. 9-day mobile, as it could move close to the upper limit of the channel. However, for BTC/USD to stay above the moving averages, the bulls need to make the $23,500 support level strong.

Bitcoin Price Prediction: Bitcoin (BTC) Could Rise Higher

At the moment, Bitcoin price is seen to be oscillating between the 9- and 21-day moving averages, if it breaks towards the upper boundary of the channel, BTC/USD could touch the nearest resistance level of $26,000. Furthermore, the king coin needs to reclaim this important resistance level to head higher; otherwise, the supports at $21,000, $20,000, and $19,000 are likely to come into play.

However, looking at the Relative Strength Index (14), the signal line is likely to cross above the 60 level, but the recovery may not be easy. Traders should note that support will need to rank above the 9-day moving average, while other major resistance levels could be located at $27,000, $28,000, and $29,000.

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

On the 4-hour chart, the Relative Strength Index (14) technical indicator moves to cross above the 50 level and could head north to start the move higher. In that sense, the chart reveals that there could be a little bullish movement within the market as the technical indicator could be rising.

However, if Bitcoin price breaks towards the upper limit of the channel, the king coin is likely to reach potential resistance at $25,000 or higher. Meanwhile, if the current market value dips below the 9-day and 21-day moving averages, it may touch support at or below $22,500.

Bitcoin Alternatives

Bitcoin price is in an upward move at its lowest time frame, trading at a resistance level of $23.645 within the moving averages. In the meantime, there is a chance for more upside as the technical indicator shows that the price action is in an upward move, so we expect the buyers to move the price higher and the $25k high may be targeted in the next few days in his long-term vision. However, the success of the FGHT project as a whole is another important factor to consider. The team behind the Fight Out token has a strong track record in the industry and has established a clear roadmap for the development of the platform. In the ongoing presale, nearly $5 million has been raised.

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