Bitcoin Price Prediction: BTC/USD Reclaims $32,000 Level ByAzeez MustaphaPRO INVESTOR Updated: 22 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 21 The Bitcoin price finally breached its previous all-time high of $31,000, as it moved above the $32,000 level. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $36,000, $38,000, $40,000 Support Levels: $26,000, $24,000, $22,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is following the bullish movement, and it seems bent on breaking new grounds. After a tumultuous day of trading, the coin has just painted a new high for this week, as it now trades at $31,638. As the market remains within the 9-day and 21-day moving averages, the Bitcoin price spikes just in time. Bitcoin Price Prediction: Is BTC Price Ready for the Upside? The daily chart reveals that the Bitcoin price is planning to move above the 9-day and 21-day moving averages in other to cross the upper boundary of the channel as the price establishes a new bullish signal. With the look of things, the market’s long-term outlook now favors the bulls, giving the daily close produced a large bullish engulfing candle with eyes now set on the daily resistances at $36,000, $38,000, and $40,000, respectively. However, any rejection at the current level could eventually lead to declines to the critical support below the 9-day and 21-day moving averages. If BTC drops and touches the low of $30,000 support, then the coin can rely on the long-term support levels at $26,000, $24,000, and $22,000. Moreover, the technical indicator Relative Strength Index (14) has now crossed above 40-level, suggesting more bullish signals. BTC/USD Medium-term Trend: Bearish (4H Chart) According to the 4-hour chart, the Bitcoin price is touching the daily high at $32,825. However, today’s price move happens to be the most impressive as it climbs above the long-awaited resistance level of $32,000 with a sharp upsurge. More so, Bitcoin’s price is now maintaining its bull-run above $31,500 as the Relative Strength Index (14) moves above 55-level. BTCUSD – 4 Hour Chart On the other hand, BTC/USD may decide to take a downward move if the bulls fail to push the price higher again. Therefore, the coin may breach below the 9-day and 21-day moving averages and could reach another support at $30,500 and below. Nevertheless, if the bulls find a decent resistance level of around $32,500, the coin may continue bullish movement above the channel at the resistance level of $33,000 and above. 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