Bitcoin Price Prediction for Today, July 29: BTC Eyes $25,000 Level ByAzeez MustaphaPRO INVESTOR Updated: 29 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. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC is trading at $24,040 as the coin seems to be preparing for another upward movement. Bitcoin Prediction Statistics Data: Bitcoin price now – $24,040 Bitcoin market cap – $458.6 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: $19,000, $17,000, $15,000 Buy Bitcoin Now BTC/USD is moving to cross above the upper boundary of the channel at $24,500 as the coin prepares for the upside. At the time of writing, the first digital coin is likely to extend towards the resistance level of $25,000 if the bulls put more pressure on the market. Bitcoin Price Prediction: BTC/USD Push for More Upsides The Bitcoin price is at the moment hovering above the 9-day and 21-day moving averages, any further bullish movement above this barrier could locate the potential resistance levels at $30,000, $32,000, and $34,000. Normally, when new uptrends are coming up, traders may use the moving averages to gauge the strength of the trend. Nevertheless, if BTC/USD soars above the upper boundary of the channel, it could be a sign of sustainability and may likely result in a bullish continuation. Furthermore, if the Bitcoin price fails to move up; traders may see a price cut below the moving averages, and a further low could bring the price to the support levels at $19,000, $17,000, and $15,000 respectively. But as it stands, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) moves to cross above the 60-level. BTC/USD Medium-term Trend: Ranging (4H Chart) The BTC/USD is following a sideways movement above the 9-day and 21-day moving averages as the bulls are coming back into the market to push the king coin towards the upper boundary of the channel. If not, the support level of $22,000 and below may come into play. BTCUSD – 4-Hour Chart However, if the bulls push the market to cross above the resistance level of $24,000, traders may expect a touch of the $25,000 resistance level, and breaking this level may further push the price towards the resistance level of $26,000 and above as the technical indicator Relative Strength Index (14) nosedives below 70-level, suggesting a bearish movement. Read more: How to buy Bitcoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage