{"id":261534,"date":"2020-05-21T18:30:30","date_gmt":"2020-05-21T22:30:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=261534"},"modified":"2020-05-21T18:30:30","modified_gmt":"2020-05-21T22:30:30","slug":"bitcoin-price-prediction-btc-usd-touches-8788-as-the-sellers-are-on-revenge-mission","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-touches-8788-as-the-sellers-are-on-revenge-mission","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Touches $8,788 as the Sellers Are on Revenge Mission"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 May 21<\/strong><\/p>\n

The Bitcoin (BTC) remains on the downside but the coin is still in the hands of the bulls that lack enough momentum to sustain gains above $9,500.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $10,500, $10,700, $10,900<\/p>\n

Support Levels: $7,800, $7,600, $7,400<\/p>\n

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

At the time of writing, BTC\/USD<\/a> hits the intraday low at $8,788.42 and swiftly recovered above $9,000 to trade at $9,082. The strong buying interest clusters around $9,000 cushioned the sell-off which is now pushing the coin back above the pivotal level. Nevertheless, traders may need to see a move towards $ 9,200 in the near future to avoid further decline.<\/p>\n

For now, the RSI (14) on the daily chart focuses on the south, though there are no signs of the reversal as of yet and this means that BTC\/USD may be vulnerable to further losses. However, if the price moves back below $9,000, the next support of $8,800 may come into focus while further supports lie at $7,800, $7,600, and $7,400 respectively. On the upside, a recovery above $9,400 will improve the short-term technical picture which may allow the upside moving towards the intraday high at $9,568.<\/p>\n

At the time of writing, Bitcoin is trading at $9,082, which is a 4.49% loss from the opening value at $9,500. The Bitcoin bulls refused to give up the fight to $10,000 in spite of the stronger bearish grip and their main goal is to sustain gains above $9,500 and step above the resistance at $9,600. This way, other buyers watching from the side-lines may join the market and aid in pushing the price to $10,500, $10,700, and $10,900.<\/p>\n

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

On the 4-hour chart, BTC\/USD is currently in the ascending range of the medium-term outlook as the target market has support levels of $8,600, $8,400, and $8,200. But as the downtrend continues below the moving averages, the Bitcoin market is gaining momentum around the lower boundary of the channel as buyers keeping tight positions.<\/p>\n

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

More so, the RSI (14) indicator shows that BTC price may continue to experience some slight drops for a little time before a reversal could take place. Immediately the market reverses, the buyers may likely pull the price up to reach the resistances at $9,500, $9,700, and $9,900.<\/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 May 21 The Bitcoin (BTC) remains on the downside but the coin is still in the hands of the bulls […]<\/a><\/div>","protected":false},"author":1742,"featured_media":261543,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Touches $8,788 as the Sellers Are on Revenge Mission<\/title>\n<meta name=\"description\" content=\"The Bitcoin (BTC) remains on the downside but the coin is still in the hands of the bulls that lack enough momentum.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261534\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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