Bitcoin Price Prediction for Today, June 24: BTC Stuck Around $21,000 ByAzeez MustaphaPRO INVESTOR Updated: 24 June 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 shows that BTC is following the sideways movement as the coin fails to head towards the 21-day moving average. Bitcoin Prediction Statistics Data: Bitcoin price now – $21,099 Bitcoin market cap – $402.1 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: $28,000, $30,000, $32,000 Support Levels: $15,000, $13,000, $11,000 Buy Bitcoin Now At the time of writing, BTC/USD is hovering at $21,099. However, the king coin has not been able to reclaim the resistance level of $22,000 as the coin consolidates within the 9-day and 21-day moving averages. At the moment, the Bitcoin price may begin to follow the sideways movement, but the daily chart shows that the formation of a bearish movement is likely to play out. Bitcoin Price Prediction: BTC Price May Consolidates to the Downside As the Bitcoin price moves toward the east, it is likely to slide and face the lower boundary of the channel as the technical indicator Relative Strength Index (14) moves in the same direction below the 40-level. This could mean that the King coin is not yet ready for the upside until the red line of the 9-day moving average crosses above the green line of the 21-day moving average. Looking at it from above, recovery may not come easy as the bears may bring the king coin below the channel’s lower boundary. Meanwhile, a sustainable move above the 9-day and 21-day moving averages may locate the resistance level of $25,000, which may allow for an extended recovery towards the potential resistance levels at $28,000, $30,000, and $32,000. However, an increase in selling pressure may cause the Bitcoin price to hit the supports at $15,000, $13,000, and $11,000. BTC/USD Medium-Term Trend: Bearish (4H Chart) Looking at the 4-hour chart, the Bitcoin price trades above the 9-day and 21-day moving averages. BTC/USD may cross above the channel’s upper boundary as the market is trying to recover from the bearish momentum. However, if the price breaks above the 9-day moving average and crosses above the upper boundary of the channel, higher resistance would be located at $23,000 but on the contrary, the technical indicator Relative Strength Index (14) is seen moving sideways. BTCUSD – 4-Hour Chart Moreover, if the bearish movement steps back, the support level of $20,000 may not be able to hold the selling pressure. Therefore, BTC/USD is likely to fall to $18,000 and below if the price moves toward the lower boundary of the channel. eToro - Our Recommended Bitcoin Platform Our Rating Regulated by the FCA, ASIC and CySEC Buy Bitcoin with Bank transfer, Credit card, Neteller, Paypal, Skrill Free Demo Account, Social Trading Community - 20 Million Users Free Bitcoin Wallet - Unlosable Private Key Copytrade Winning Bitcoin Traders - 83.7% Average Yearly Profit Buy Bitcoin 81% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy Bitcoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage