Bitcoin Price Prediction: BTC/USD Struggles To Hold Above $9,200 ByAzeez MustaphaPRO INVESTOR Updated: 18 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 18 The price of Bitcoin clings to small recovery gains as the price stays below $9,200. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $9,800, $10,000, $10,200 Support Levels: $8,500, $8,300, $8,100 BTCUSD – Daily Chart After posting a small daily gain yesterday, BTC/USD is relatively calm during the first trading session of today as the coin stages a modest rebound. However, BTC/USD struggles to preserve its bullish momentum to find resistance near $9,200. At the time of writing this, Bitcoin is up with 0.26% gains on the day at $9,177.86. Meanwhile, the RSI (14) indicator on the daily chart stays very close to 50-level while BTC/USD is trading around the lower boundary of the channel, suggesting that the pair could have a tough time in posting any additional recovery gains as the critical supports lie at $8,500, $8,300, and $8,100 respectively. On the upside, $9,200 aligns as the initial resistance ahead of $9,400 and $9,796.91 which was June 22 high. Moreover, the current level where the coin is trading is very important for the bulls and it is expected to be between $9,100 and $9,300 which could help the buyers to surpass the resistance of $9,400 and $9,600 level. Reaching these resistance levels may allow the Bitcoin price to touch $9,800, $10,000, and $10,200 resistance levels. BTC/USD Medium-Term Trend: Bearish (4H Chart) On the 4 hour chart, BTC/USD is seen touching the daily high of $9,210 resistance level. At the moment, the bulls could not sustain the upward move as price quickly makes a downward move. The most important thing is that the support level of $9,100 and $8,900 must hold for an upward movement. BTCUSD – 4 Hour Chart Today, after the rebound, Bitcoin reached a high of $9,210 but has fallen to $9,152 before peaking to where it is currently trading at $9,181.43. BTC/USD is presently trading above 50-level of the technical indicator RSI (14). It indicates that the market is in bullish momentum. The coin is expected to reach the resistance level of $9,250 and above if the current price breaks above the channel. Join Our Telegram channel to stay up to date on breaking news coverage