Bitcoin Price Prediction for Today, November 24: BTC/USD Price Could Slide to $16,000 Support ByAzeez MustaphaPRO INVESTOR Updated: 24 November 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 is likely to spread the bearish move below $16,000 after numerous attempts to hold gains above $17,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $16,588 Bitcoin market cap – $318.5 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $20,000, $22,000, $24,500 Support Levels: $14,000, $12,000, $10,000 BTC/USD is trading around $16,566, but the largest cryptocurrency could face a support smashing exercise after failing to hold above $17,000. However, the bearish movement has been seen across the crypto market in the last few hours, with other major digital assets seeing similar losses trading around the 9-day and 21-day moving averages. Bitcoin Price Prediction: Can BTC Price Go Lower? The Bitcoin price is trading at $16,566 with an intraday loss of 0.12% as the prevailing trend is likely to follow the bearish movement. However, Bitcoin (BTC) is currently facing a downside within the channel, and a bearish movement toward the lower boundary of the channel is expected to continue. In the meantime, BTC/USD is expected to fall and stay below the 9-day and 21-day moving averages which could hit the critical support levels at $14,000, $12,000, and $10,000. However, if the Bitcoin price crosses above the moving averages; the price could rise to $17,000 vital resistance while a further bullish drive could take the coin to the resistance levels of $20,000, $22,000, and $24,000 respectively. Moreover, the technical indicator Relative Strength Index (14) is moving below the 40-level, which shows a possible bearish momentum within the channel. BTC/USD Medium-term Trend: Ranging (4H Chart) As the market opens today, the Bitcoin price touches the daily low of $16,505, but now hovering around $16,588.12. Should the price drop below the 9-day and 21-day moving averages; it could hit the next level of support at $15,500 and below. BTCUSD – 4-Hour Chart However, if the bulls push the coin above the upper boundary of the channel, the Bitcoin price could hit the potential resistance level of $18,000 and above. For now, the market may experience an uptrend if the technical indicator Relative Strength Index (14) crosses above the 50-level. On that note, the IMPT token presale is still live, and close to $13.5 million has been realized so far. In addition, the IMPT team has announced a giveaway promo of $100K IMPT. This is not something you may want to miss. However, D2T token presale is still very strong, and a novel platform like Dash 2 Trade would have red-flagged the FTX disaster. This is an innovative bundle of tools: analytics, metrics, signals, auto-trading, and analysis tools. Presently, the D2T presale has raised close to $7 million. Related D2T Price Prediction How to Buy D2T Dash 2 Trade - Crypto Analytics Platform Our Rating KYC Verified & Audited Native Token D2T Featured in Cointelegraph Now Listed on Bitmart, Gate.io, LBank & Uniswap Buy Now Join Our Telegram channel to stay up to date on breaking news coverage