{"id":257628,"date":"2020-04-14T06:42:56","date_gmt":"2020-04-14T10:42:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=257628"},"modified":"2020-04-14T06:42:56","modified_gmt":"2020-04-14T10:42:56","slug":"bitcoin-price-prediction-btc-usd-signals-a-fall-as-the-price-touches-6772-support","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-signals-a-fall-as-the-price-touches-6772-support","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Signals A Fall As the Price Touches $6,772 Support"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 April 14<\/strong><\/p>\n

The sell-off may likely be coming up as the Bitcoin price faces a fresh round of selling below $7,000.<\/p>\n

BTC\/USD Long-term Trend: Bullish (Daily Chart)<\/h4>\n

Key levels:<\/p>\n

Resistance Levels: $7,800, $8,000, $8,200<\/p>\n

Support Levels: $5,800, $5,600, $5,400<\/p>\n

\"\"<\/a>
BTCUSD – Daily Chart<\/figcaption><\/figure>\n

After forming a short term top, BTC\/USD<\/a> price is still diving below $7,000. The Bitcoin price is currently consolidating around $6,808, with a few bearish signals. However, the recent correction to the upward failed near the $6,922 level. It seems like Bitcoin bulls are struggling to gain momentum above the $7,000 level.<\/p>\n

Moreover, on the downside, the $6,500 and $6,300 levels are initial supports. If the bulls fail to defend the recent low of $6,547, there is a risk of a sharp decline. The next key support on the downside is near the $6,100 level, where the bulls are likely to take a strong stand. But if the bulls fail to take a strong stand within this level, then, BTC\/USD may drop further to the critical supports of $5,800, $5,600 and $5,400 respectively.<\/p>\n

However, if there is a clear break above the 9-day moving average, the Bitcoin price could test the $7,200 resistance level. If the bulls manage to gain strength above $7,200, there are chances of a decent recovery towards the $7,400 resistance level. The key breakout zone is near the $7,800, $8,000 and $8,200 resistances. Meanwhile, the RSI (14) is moving in the same direction, meaning that the market may likely follow the sideways movement.<\/p>\n

BTC\/USD Medium – Term Trend: Ranging (4H Chart)<\/h4>\n

At the opening of the market today, the Bitcoin price first went up but has dropped slightly within 24 hours, bringing its price from $6,943 to reach around $6,773. Should the price continue to drop further and move below the 9-day and 21-day moving averages, it could reach the nearest supports at $6,600, $6,400 and $6,200.<\/p>\n

\"\"<\/a>
BTCUSD – 4 Hour Chart<\/figcaption><\/figure>\n

Moreover, if the bulls put more effort and push the coin above the 9-day and 21-day moving averages, the price of Bitcoin may likely reach the potential resistance levels of $7,100, $7,300 and $7,500. At the moment, the technical indicator RSI (14) moves below the 45-level.<\/p>\n

Please note:<\/strong> Insidebitcoins.com<\/a> is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 April 14 The sell-off may likely be coming up as the Bitcoin price faces a fresh round of selling below […]<\/a><\/div>","protected":false},"author":1742,"featured_media":257629,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Signals A Fall As the Price Touches $6,772 Support<\/title>\n<meta name=\"description\" content=\"The sell-off may likely be coming up as the Bitcoin price faces a fresh round of selling below $7,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/257628\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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