Bitcoin Price Prediction: BTC/USD Crashes to $31,000 Support ByAzeez MustaphaPRO INVESTOR Updated: 15 July 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Prediction – July 15 For the past few days now, the Bitcoin price prediction has been trading below $35,000 resistance and it may likely drop more. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $37,000, $39,000 $41,000 Support Levels: $27,000, $25,000, $23,000 BTCUSD – Daily Chart Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 75% of retail investor accounts lose money when trading CFDs with this provider BTC/USD crashes again trading below the $32,000 in a market-wide sell-off. The first digital asset remains below the 9-day and 21-day moving averages under increasing pressure from the bears. However, the Bitcoin price is now losing 3.63% as the market heads toward the south; the pair is being affected by the current slowdown in the entire crypto market and has been making an attempt to recover for the past few hours. Bitcoin Price Prediction: What Could Happen to Bitcoin Price? As of now, the Bitcoin price is aiming to fall again as the key support of $31,000 is becoming a threat to bears. However, there are quite a number of technical levels clustered above the current price which means that the coin may be vulnerable to further losses at least as long as it stays below critical $32,000. BTC/USD pair may drop to $27,000, $25,000, and $23,000 supports if the $30,000 support fails to hold. On the contrary, if the support continues to provide support for the market, therefore, we can expect BTC/USD to come back to a resistance level of $35,000 before the market can experience a rise far above the 9-day and 31-day moving averages to reach the potential resistance levels at $37,000, $39,000, and $41,000 respectively. Looking at the daily chart, the Bitcoin price is down and there is a high tendency for a break than a bounce as the Relative Strength Index (14) moves below 40-level, a further drop may cause the price to fall more. BTC/USD Medium-term Trend: Bearish (4H Chart) The 4-hour chart reveals that BTC/USD is hovering below the 9-day and 21-day moving averages within descending channel. However, after touching the low of $31,064 support level, the Bitcoin price made a quick price jump towards the north, from where the bear resume pressure. BTCUSD – 4 Hour Chart Now, the price is still trading at the $31,636 level. Once the bulls break above the 9-day and 21-day moving averages, the $37,000 and above may come into play while the support level is located at $27,000 and below. More so, the technical indicator Relative Strength Index (14) moves to cross below 40-level, which may likely continue to create a bearish play. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 75% of retail investor accounts lose money when trading CFDs with this provider Join Our Telegram channel to stay up to date on breaking news coverage