Bitcoin price<\/a> is likely to cross above the 9-day and 21-day moving averages, any further bullish movement above this barrier could locate the potential resistance levels at $27,000, $29,000, and $31,000. Normally, when new uptrends are coming up, traders may use the moving averages to gauge the strength of the trend. Nevertheless, if BTC\/USD soars toward the upper boundary of the channel, this could be a sign of sustainability and may likely result in a bullish continuation.<\/p>\nFurthermore, if the Bitcoin price fails to move up; traders may see a price cut below the moving averages, and a further low could bring the price to the support levels at $15,000, $13,000, and $11,000 respectively. But as it stands, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) moves to cross above 35-level.<\/p>\n
BTC\/USD Medium-Term Trend: Ranging (4H Chart)<\/h2>\n
The BTC\/USD is following a sideways movement above the 9-day and 21-day moving averages as the bulls are coming back into the market to push the king coin towards the upper boundary of the channel. If not, the support level of $18,000 and below may come into play.<\/p>\n