Bitcoin Price Prediction for Today, July 31: BTC Moves to Cross Above $24,000 ByAzeez MustaphaPRO INVESTOR Updated: 31 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 The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move towards the $25,000 level. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,909 Bitcoin market cap – $456.1 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: $32,000, $34,000, $36,000 Support Levels: $18,000, $16,000, $14,000 Buy Bitcoin Now BTC/USD is at the moment trading at $23,909 with a 1.10% gain. Looking at the daily chart, the Bitcoin price could struggle to stay above the upper boundary of the channel. More so, for BTC/USD to remain above this barrier, it could make many traders feel that the $23,000 support level could be pretty strong. Bitcoin Price Prediction: Would BTC Price Break Higher The Bitcoin price could not drop much cause of today’s trading, but if the first digital coin breaks below the support level of $23,000, it could change the direction of the coin to face the lower boundary of the channel. Alternatively, Bitcoin (BTC) may reclaim the previous resistance level of $24,000 to head to the upside. If successful, BTC/USD could aim at the resistance levels of $32,000, $34,000, and $36,000 respectively. Nevertheless, the technical indicator Relative Strength Index (14) is moving around the 60-level as the coin may consolidate around this level. Moreover, this could mean that there may still be a room that could be explored by the bears if it crosses below this level. Therefore, the support levels of $18,000, $16,000, and $14,000 may play out. BTC/USD Medium-term Trend: Ranging (4H Chart) On the 4-hour chart, the technical indicator Relative Strength Index (14) is now recovering towards the 60-level, and this may confirm the bullish movement if it crosses above it. Meanwhile, adding to the above, there is a little bit of bullish divergence on the RSI (14) as the coin prepares to cross above the 9-day and 21-day moving averages to continue the bullish movement. BTCUSD – 4-Hour Chart However, if the Bitcoin price heads toward the lower boundary of the channel, the market price may likely reach support at $22,000 and below. Meanwhile, if the current market value rises and crosses above the moving averages, it may reach the resistance level at $26,000 and above. Read more: How to buy Bitcoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage