{"id":267277,"date":"2020-07-07T12:06:47","date_gmt":"2020-07-07T16:06:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=267277"},"modified":"2020-07-07T12:06:47","modified_gmt":"2020-07-07T16:06:47","slug":"bitcoin-price-prediction-btc-usd-stalls-in-the-range-as-9500-yet-to-be-conquered","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-stalls-in-the-range-as-9500-yet-to-be-conquered","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Stalls in the Range as $9,500 Yet To Be Conquered"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 July 7<\/strong><\/p>\n

The Bitcoin price is seen declining below $9,300 and it may be vulnerable for a bigger correction.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $10,000, $10,200, $10,400<\/p>\n

Support Levels: $8,500, $8,300, $8,100<\/p>\n

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

BTC\/USD<\/a> is seeing a sudden sell after yesterday\u2019s gains as it dropped from a high of $9,405 to as low as $9,223. Though the coin is attempting to bounce back, the recent drop is pushing the momentum within the bearish favor and this could be the start of a further retracement lower.<\/p>\n

Looking at the daily chart, we can see that Bitcoin rolled over from the $9,368 resistance level as it started its descent lower. It is about to drop beneath the 21-day moving average at $9,278 but manages to find support around the 9-day moving average at $9,150 which may allow it to bounce back higher.<\/p>\n

However, if the sellers continue to drag the coin back beneath the support at $9,223, the first level of lower support is located at $9,000. Beneath this, the critical support lies at $8,500, $8,300, and $8,100. On the other hand, if the bulls bounce higher, the nearest resistance lies at $10,000, $10,200 and $10,400 levels.<\/p>\n

Meanwhile, the stochastic RSI is moving above the 40-level which shows that the market may still follow an upward movement for a market recovery.<\/p>\n

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

Since the beginning of today, BTC\/USD has been trading within the range of $9,378 to $9,218 been revealed by the technical indicator RSI (14). Nevertheless, the coin has not yet slipped below $9,200 but still in the loop of making a bounce back. The Bitcoin price is changing hands at $9,271 and may take time to persistently trade above $9,400.<\/p>\n

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

However, the upward movement is facing hurdles near the $9,450 and $10,550 resistance level. However, on the downside, immediate support is near the $9,200 level while the price might slide sharply below $9,150 which may likely test the main support at $9,100 level and below.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 July 7 The Bitcoin price is seen declining below $9,300 and it may be vulnerable for a bigger correction. BTC\/USD […]<\/a><\/div>","protected":false},"author":1742,"featured_media":267278,"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],"class_list":["post-267277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Stalls in the Range as $9,500 Yet To Be Conquered<\/title>\n<meta name=\"description\" content=\"The Bitcoin price is seen declining below $9,300 and it may be vulnerable for a bigger correction.\" \/>\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\/267277\" \/>\n<meta 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