Bitcoin Price Prediction: BTC/USD Crosses Above $10,300 Mark For The First Time In Six Weeks ByAzeez MustaphaPRO INVESTOR Updated: 27 July 2020 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 (BTC) Price Prediction – July 27 The leading cryptocurrency Bitcoin surged over $10,000 mark on early Sunday as the price went as high as $10,319 at the time of writing. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $10,800, $11,000, $11,200 Support Levels: $9,500, $9,300, $9,100 BTCUSD – Daily Chart At the time of writing, BTC/USD is back to trading above $10,000 following a bounce from the opening value of $9,932. The trend is mainly bullish amid expanding volatility. Technically, Bitcoin is in the hands of the bulls. The technical indicator RSI (14), for instance, is holding above 75-level. Meanwhile, as the signal line is already within the overbought, the indicator is not showing any signs of a reversal. However, gains are likely to continue, in the meantime, stabling support above $10,000 is key for the price action targeting $10,000. On the bearish side, it is important for BTC/USD to hold the support of $9,700, otherwise, there can come a bearish breakdown when BTCUSD falls below that barrier. Meanwhile, a strong bullish spike above $10,500 level may likely take the price to the potential resistance levels of $10,800, $11,000, and $11,200. In other words, if the market decides to follow the downward trend, the Bitcoin price may likely drop to the nearest support at $9,800, and should this support fails to contain sell-off, the market may experience another drop to the critical supports of $9,500, $9,300, and $9,100. BTC/USD Medium-Term Trend: Bullish (4H Chart) According to the 4-hour chart, we have seen the upward movement which was quite notable on the structural outlook. Bitcoin trading is steady at $10,300 as the crypto-asset is overbought at the moment. Meanwhile, a potential fall is around the corner. BTCUSD – 4 Hour Chart On the upside, further bullish movement may continue to meet resistance at around the $10,800 and $11,000. As of now, the technical indicator RSI (14) is reflected in the positive zone, not yet turning downward. But when this happens, BTC/USD may be looking for close support. A significant cross below the 70-level may send the market in a bearish scenario and the nearest supports lie at $10,000 and below. Join Our Telegram channel to stay up to date on breaking news coverage