Bitcoin Price Prediction for Today, July 27: BTC Could Reach $20,000 Level; Dips Likely to Surface ByAzeez MustaphaPRO INVESTOR Updated: 02 August 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 After touching the daily high of $21,450, the Bitcoin price prediction shows that BTC could begin a downside correction. Bitcoin Prediction Statistics Data: Bitcoin price now – $21,309 Bitcoin market cap – $406.5 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $30,000, $32,000, $34,000 Support Levels: $15,000, $13,000, $11,000 Buy Bitcoin Now BTC/USD is moving sideways around the resistance level of $21,309 as buying pressure cooled off. The market price is hovering below the 9-day and 21-day moving averages to form a low at near $21,000 before stabilizing. As of now, BTC/USD is yet to cross above the 9-day moving average but it is up by 0.23%. Bitcoin Price Prediction: What to Expect from Bitcoin (BTC) The Bitcoin price prediction is presently ranging. A decisive breakout below $21,000 support may intensify selling pressure. Therefore, if bears push the market price downwards, the consolidation may turn into a bear run. The current sideways movement is likely to continue in the next few days, but the next hurdle for the king coin could emerge at $25,000, but it won’t stop the higher price movements. However, the technical indicator Relative Strength Index (14) is below the 50-level, a reversal is possible but only if the resistance at $24,000 is reclaimed. The persistence trade above this level may technically push the coin to the resistance levels of $30,000, $32,000, and $34,000 while the supports lie at $15,000, $13,000, and $11,000. BTC/USD Medium-term Trend: Ranging (4H Chart) Bitcoin (BTC) has not yet slipped below $21,000 since the beginning of today, but the coin is in the loop of making a bounce back. The Bitcoin price hovers within the 9-day and 21-day moving averages and may likely take time to trade above $23,000. At the moment, the Bitcoin price is currently moving around the $21,290 level. BTCUSD – 4-Hour Chart However, if the bulls energize the market, the price may likely test the resistance levels of $23,500 and above. In other words, if the bears should drag it downward, then the support levels of $19,500 and below may be visited as the Relative Strength Index (14) moves above 40-level, indicating a bearish signal. Track the latest price of Bitcoin at CoinCodex. AiDoge - New Meme to Earn Crypto Our Rating Earn Crypto For Internet Memes First Presale Stage Open Now, CertiK Audited Generate Memes with AI Text Prompts Staking Rewards, Voting, Creator Benefits Join Presale Read more: How to buy Bitcoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage