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The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move toward the $27,500 level.
Bitcoin Prediction Statistics Data:
- Bitcoin price now – $26,925
- Bitcoin market cap – $520 billion
- Bitcoin circulating supply – 19.3 million
- Bitcoin total supply – 19.3 million
- Bitcoin Coinmarketcap ranking – #1
BTC/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $32,000, $34,000, $36,000
Support Levels: $22,000, $20,000, $18,000
BTC/USD is at the moment trading at $26,925 with a 0.13% gain since the beginning of today’s trading. The Bitcoin price may cross above the 9-day moving average. Moreover, for BTC/USD to remain above this barrier, it could make many traders feel that the $26,500 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 $26,000, it could change the direction of the coin to cross below the lower boundary of the channel. Alternatively, Bitcoin (BTC) may reclaim the previous resistance level of $27,000 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 to cross above the 40-level as Bitcoin (BTC) may consolidate around this level. Moreover, this could mean that there may still be a room that could be explored by the bulls if it crosses the 21-day moving average. If the king coin slides to the south, the support levels of $22,000, $20,000, and $18,000 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 toward the 50-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 as the coin crosses above the 9-day moving average to continue the bullish movement.
However, if the Bitcoin price breaks toward the lower boundary of the channel, the market price could reach support at $25,000 and below. Meanwhile, if the current market value rises and crosses above the channel, the Bitcoin price could hit the potential resistance level of $29,000 and above.
Bitcoin Alternatives
The Bitcoin price has been trading below the $27,000 resistance area for a few days as the current uptrend remains stationary. Meanwhile, if buyers manage to keep the price above the moving averages and the bullish momentum is maintained, the current uptrend will resume. On that note, AiDoge is creating a public wall that will display the most popular memes created via its AI tool. This is based on a fair and transparent voting system, with the community able to upvote or downvote the memes that have been created. However, the AiDoge (AI)token has raised close the $10 million in the ongoing presale.
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