{"id":278897,"date":"2020-12-06T16:48:56","date_gmt":"2020-12-06T21:48:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=278897"},"modified":"2020-12-06T16:48:56","modified_gmt":"2020-12-06T21:48:56","slug":"btc-usd-long-term-trend-bullish-daily-chart-77","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-bullish-daily-chart-77","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Trades below $19,350; Bulls May Have to Wait a Bit"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 December 6<\/strong><\/p>\n

The Bitcoin (BTC) is recovering from the recent low on approach to $18,800 but bulls may have trouble taking the market price above $19,500.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $20,800, $21,000, $21,200<\/p>\n

Support Levels: $17,800, $17,600, $17,400<\/p>\n

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

After touching the daily low at $19,878, BTC\/USD<\/a> resumes the upside trend during early Asian hours. At the time of writing, the first digital asset is changing hands at $19,145 and the upside momentum is gaining traction. However, a sustainable move above $19,500 will bring $19,900 back into focus and improve the technical picture.<\/p>\n

What to Expect from BTC?<\/h4>\n

According to the daily chart, BTC\/USD is moving above the 9-day and 21-day moving averages. This barrier creates the first line of support that may slow down the correction. However, BTC\/USD may retest $18,500 before another attempt at $18,300 but if $18,800 is broken, a further low drive could send the price to $17,800, $17,600, and $17,400 supports<\/p>\n

Moreover, if the coin continues to hovers above the moving averages, traders may see a bull-run to $20,500 vital resistance. Presently, bulls are dominating the market and the Bitcoin price may continue to follow the upward trend in as much as the red-line of 9-day MA is above the green-line of 21-day MA and the potential resistance levels are located at $20,800, $21,000, and $21,200 while the technical indicator keeps moving above the 60-level.<\/p>\n

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

On the 4-Hour chart, BTC price hovers around $19,189 and may take time to persistently trade above $19,500. More so, if the bulls gather enough strength and regroup, the upward movement may be able to near the $19,800 and $20,000 resistance level.<\/p>\n

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

However, on the downside, immediate support is around the $18,800 level while the main support is at the $18,600 level. The price may likely fall below $18,500 if the bears step back into the market, a further movement could test the critical support at the $18,300 level. Technically, Bitcoin is currently moving in sideways while the RSI (14) moves above the 50-level, indicating an indecisive in the market movement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 December 6 The Bitcoin (BTC) is recovering from the recent low on approach to $18,800 but bulls may have trouble […]<\/a><\/div>","protected":false},"author":1742,"featured_media":278898,"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-278897","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 Trades below $19,350; Bulls May Have to Wait a Bit<\/title>\n<meta name=\"description\" content=\"The Bitcoin (BTC) is recovering from the recent low on approach to $18,800 but bulls may have trouble taking the market price above $19,500.\" \/>\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\/278897\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction: BTC\/USD Trades below $19,350; 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