Bitcoin Price Prediction for Today, July 21: BTC Price Slides Below $23,000 ByAzeez MustaphaPRO INVESTOR Updated: 21 July 2022 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. The Bitcoin price prediction is likely to retreat a little bit before reaching the potential resistance level of $25,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $22,437 Bitcoin market cap – $429.3 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $29,000, $31,000, $33,000 Support Levels: $17,000, $15,000, $13,000 Buy Bitcoin Now BTC/USD fails to reach the resistance level of $24,000 as the largest cryptocurrency heads toward the 9-day and 21-day moving averages. However, the bearish movement seen across the crypto market shows that the cryptos are preparing for another bullish spike to the upside. Bitcoin Price Prediction: Would BTC Price Go Lower? The Bitcoin price is trading at $22,437 with an intraday loss of 3.40% as the prevailing trend is likely to follow the bearish movement. However, Bitcoin (BTC) is currently facing the south within the channel, and a continuous bearish movement could lower the price to the downside. In the meantime, BTC/USD is likely to fall and stay below the 9-day and 21-day moving averages which could hit the critical support levels at $17,000, $15,000, and $13,000. However, if the Bitcoin price crosses above the upper boundary of the channel; the price could rise to $25,000 vital resistance while a further bullish drive could take the coin to the resistance levels of $29,000, $31,000, and $33,000 respectively. Moreover, the technical indicator Relative Strength Index (14) is sliding below the 60-level, which shows a possible bearish momentum within the channel. BTC/USD Medium-Term Trend: Ranging (4H Chart) As the market opens today, the Bitcoin price touches the daily low of $22,340, but now hovering around $22,551. Should the price drop and head towards the lower boundary of the channel, it could hit the next level of support at $20,000 and below. BTCUSD – 4-Hour Chart However, if the bulls push the coin above the 9-day and 21-day moving averages, the Bitcoin price could hit the potential resistance level of $25,000 and above. For now, the market may experience a downtrend if the technical indicator Relative Strength Index (14) crosses below the 40-level. Battle Infinity - New Metaverse Game Our Rating Presale Sold Out Early - Upcoming PancakeSwap Listing First Fantasy Sports NFT Game Play to Earn Utility - IBAT Token Powered By Unreal Engine CoinSniper Verified, Solid Proof Audited Roadmap & Whitepaper at battleinfinity.io Visit Site Read more: How to buy Bitcoin How to buy Cryptocurrency
