Bitcoin Price Prediction: BTC/USD Stabilizes Above $18,000 While the Bulls Struggle to Conquer $18,500 ByAzeez MustaphaPRO INVESTOR Updated: 19 November 2020 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 Bitcoin (BTC) Price Prediction – November 19 For a few days, the Bitcoin price has been trying to break above the $18,500 mark but with no success. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $19,000, $18,800, $18,600 Support Levels: $16,800, $16,600, $16,400 BTCUSD – Daily Chart BTC/USD is currently trading at 1.29% higher on the day as the coin opens the session at $17,790 and now adjusting upwards to the prevailing market value of $18,200. However, the king coin is moving within the short-term bullish trend amid low volatility. The current conditions imply that the price may stay range-bound during the next trading hours as the coin moves above the 9-day and 21-day moving averages. Where is BTC Price Going Next? At the opening of the market today, after testing the low of $17,356, BTC/USD is currently trading at $18,013. Meanwhile, looking at the market movement, there is likely that the coin may experience a quick retracement if it moves above the upper boundary of the channel to touch the crucial $18,500 resistance. On the downside, if the market decides to fall, the price of Bitcoin could fall below the 9-day moving average, and if that support fails to hold the sell-off, traders could see a further decline below the lower boundary of the channel and towards the support levels of $16,800, $16,600 and critically $16,400. All the same, any further bullish movement above the channel may hit the resistance levels of $19,000, $19,200, and $19,400 as the technical indicator RSI (14) remains within the overbought zone. BTC/USD Medium – Term Trend: Bullish (4H Chart) On the 4 hour chart, BTC/USD is trading at $17,999 as all eyes are glued on the $18,500 resistance level. Looking at the chart currently, the coin is seen moving above the 9-day and 21-day moving averages while the existing trend is ranging. BTCUSD – 4 Hour Chart However, the Bitcoin price is recovering above the $17,900 level amidst fresh buying impetus. More so, the bullish trend line remained unbroken, which is why Bitcoin’s priority still remains the same and the coin may likely retest the $17,500 mark next. Therefore, if the technical indicator RSI (14) continues to follow the upward movement, the coin may likely reach the resistance level of $18,800 and above while the support level to watch lies at $17,200 and below. Join Our Telegram channel to stay up to date on breaking news coverage