Bitcoin Price Prediction for Today, July 26: BTC Moves in Corrections ByAzeez MustaphaPRO INVESTOR Updated: 26 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. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Prediction – July 26Currently, the BTC/USD market operation moves in corrections following the crypto’s inability to surge higher sustainably out of the $25,000 resistance line. Yesterday’s session witnessed a high and a low between the $22,649.22 and $21,361.64 points. As of writing, the price trades around $21,084 at a negative percentage of 1.12.Bitcoin (BTC) Statistics:BTC price now – $221,086.84BTC market cap – $402.7 billion BTC circulating supply – 19.1 millionBTC total supply – 19.1 millionCoinmarketcap ranking – #1BTC/USD Market Key Levels:Resistance levels: $22,500, $25,000, $27,500Support levels: $20,000, $17,500, $15,000BTC/USD – Daily ChartThe daily chart reveals the crypto-economic market moves in corrections after hitting a resistance point close below the $25,000 level. The 14-day SMA indicator is at $21,823 below the 50-day SMA indicator. The horizontal line remains drawn at the psychological $20,000 support level. The Stochastic Oscillators have crossed southbound toward the 40 range. Yet, they are still pointing in a downward direction to indicate that a declining motion is ongoing. Buy Bitcoin Now Will the BTC/USD market run sustainably below the $20,000 critical support level? Indications are suggesting the BTC/USD market operation may, in the long run, run into a declining motion past the $20,000 psychological level as observed that the crypto trade already moves in corrections after failing to surge through some overhead resistances. At this point, long-position placers needed to put the execution of buying orders on hold for a while until a formation occurs to signify a clear signal toward getting a decent entry. On the downside of the technical analysis, selling pressure has dominated the trading arena of the BTC/USD despite the force backing it being relatively low. The $22,500 resistance level still happens to be the major-trading area that the price may find hard to breach while the market attempts to shoot up into a bullish trend. It won’t sound technically ideal if the trade spikes at that trading spot and sellers still go to launch an order without letting the situation gets a rejection in the process. BTC/USD 4-hour Chart The BTC/USD medium-term chart showcases the crypto market moves in corrections, following a path over the trend lines of the SMAs. The 14-day SMA indicator is bent briefly over the 50-day SMA indicator. The smaller SMA’s positional point is at $22,182, while the bigger SMA’s is at $21,847. The Stochastic Oscillators are in the oversold region, trying to find a base within it. If the presence of the indicator in the lowest region turns into a consolidation manner, the crypto will risk the risk of further debasing through variant support points. Read more: How to buy Bitcoin How to buy cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage