{"id":269567,"date":"2020-07-25T14:38:13","date_gmt":"2020-07-25T18:38:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=269567"},"modified":"2020-07-25T14:40:23","modified_gmt":"2020-07-25T18:40:23","slug":"bitcoin-price-prediction-btc-usd-successfully-hits-above-9700-with-9-8k-as-the-nearest-target","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-successfully-hits-above-9700-with-9-8k-as-the-nearest-target","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Successfully Moves Above $9,700 with $9.8k as the Nearest Target"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 July 25<\/strong><\/p>\n

BTC\/USD is seen getting ready for the push to the long-awaited resistance level of $10,000.<\/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: $9,200, $9,000, $8,800<\/p>\n

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

BTC\/USD<\/a> has hit the price area around $9,700 after a few days of despairing trade. The daily chart shows that the coin is currently correcting upwards, we believe that BTC\/USD is likely to cross resistances instead of just battling inactive supports. Today, BTC\/USD is seen trading at $9,688 after closing at $9,549 yesterday.<\/p>\n

However, the coin trades above the upper boundary of the channel today and may continue to head upward if the technical indicator keeps moving above the 60-level. Looking at the daily chart, BTC\/USD is now trading above the crucial levels that may now function as the support zones in the event a reversal occurs.<\/p>\n

Meanwhile, on the upside, as the coin moves above the 9-day and 21-day moving averages, little is in place to prevent correction targeting the key resistance of $10,000 as long as the technical indicator RSI (14) remains above 60-level.<\/p>\n

Nevertheless, the bulls are banking on the support at $9,200, $9,000, and $8,800 to ensure that in spite of a reversal, the Bitcoin price could stay above $9,700 level. Similarly, the nearest resistance levels to keep watching on are $10,000, $10,200, and $10,400 respectively.<\/p>\n

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

The 4-hour chart for BTC is still looking bullish as the market has been showing a sign of bullish trend since the daily opening. However, intraday trading is still following the upward movement; following the recent rebound at $9,573 which is now a key support level. The next key support levels are $9,500, $9,300, and $9,100.<\/p>\n

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

However, considering the recent sharp rebound, the Bitcoin price may continue the bullish rally to $9,800 resistance. A climb above the mentioned resistance may further push the BTC price to $9,850, $10,050, and $10,250 resistance levels. As it is now, it seems the bulls may continue to dominate the market as long the RSI (14) stays within the overbought, suggesting more bullish signals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 July 25 BTC\/USD is seen getting ready for the push to the long-awaited resistance level of $10,000. BTC\/USD Long-term Trend: […]<\/a><\/div>","protected":false},"author":1742,"featured_media":269568,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Successfully Moves Above $9,700 with $9.8k as the Nearest Target<\/title>\n<meta name=\"description\" content=\"BTC\/USD is seen getting ready for the push to the long-awaited resistance level of $10,000.\" \/>\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\/269567\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price 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