{"id":339893,"date":"2022-08-09T15:23:37","date_gmt":"2022-08-09T19:23:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=339893"},"modified":"2022-08-09T15:27:04","modified_gmt":"2022-08-09T19:27:04","slug":"bitcoin-price-prediction-for-today-august-9-btc-fails-to-take-24000-resistance","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-august-9-btc-fails-to-take-24000-resistance","title":{"rendered":"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance"},"content":{"rendered":"<p>The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $23,047<\/li>\n<li>Bitcoin market cap &ndash; $440.9 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.1 billion<\/li>\n<li>Bitcoin total supply &ndash; 19.1 billion<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Ranging (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $30,000, $32,000, $34,000<\/p>\n<p>Support Levels: $18,000, $16,000, $14,000<\/p>\n<p style=\"text-align: center\"><\/p><div class=\"su-button-center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#FFFFFF;background-color:#1d44bb;border-color:#183796;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#FFFFFF;padding:0px 26px;font-size:20px;line-height:40px;border-color:#617dd0;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none\"> Buy Bitcoin Now<\/span><\/a><\/div>\n<p>According to the daily chart, <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">BTC\/USD<\/a> hovers at $23,047. However, the king coin has not been able to reclaim the resistance level of $24,000 as the coin consolidates towards the 9-day and 21-day moving averages. At the moment, the Bitcoin price may continue to follow the sideways movement, but the daily chart shows that the formation of a bearish movement is likely to play out.<\/p>\n<h2>Bitcoin Price Prediction: BTC Price May Consolidates to the Downside<\/h2>\n<p>As the <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-august-8-btc-touches-24000-resistance\">Bitcoin price<\/a> moves to cross below the 9-day and 21-day moving averages, BTC\/USD is likely to head to the downside as the technical indicator Relative Strength Index (14) moves to cross below the 50-level. This could mean that the King coin is not yet ready for the upside until the red line of the 9-day moving average remains above the green line of the 21-day moving average.<\/p>\n<p>Meanwhile, a sustainable move above the upper boundary of the channel may locate the resistance level of $25,000, which may allow for an extended recovery towards the potential resistance levels at $30,000, $32,000, and $34,000. However, an increase in selling pressure may bring the Bitcoin price towards the supports at $18,000, $16,000, and $14,000.<\/p>\n<h2>BTC\/USD Medium-term Trend: Bullish (4H Chart)<\/h2>\n<p>Looking at the 4-hour chart, the Bitcoin price is trading below the 9-day and 21-day moving averages. However, if the price breaks to the upside and heads towards the upper boundary of the channel, higher resistance would be located at $25,000 and above but on the contrary, the technical indicator Relative Strength Index (14) is seen above the 40-level.<\/p>\n<figure id=\"attachment_339895\" aria-describedby=\"caption-attachment-339895\" style=\"width: 1079px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-339895 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_07082022.png\" alt=\"\" width=\"1079\" height=\"565\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_07082022.png 1079w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_07082022-300x157.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_07082022-1024x536.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_07082022-768x402.png 768w\" sizes=\"(max-width: 1079px) 100vw, 1079px\"><figcaption id=\"caption-attachment-339895\" class=\"wp-caption-text\">BTCUSD &ndash; 4-Hour Chart<\/figcaption><\/figure>\n<p>Moreover, if the bearish movement steps into the market, the support level of $22,000 may not be able to hold the selling pressure. Therefore, BTC\/USD is likely to fall to $21,500 and below if the price moves toward the lower boundary of the channel.<\/p>\n\n            \n<p><strong>Read more:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">How to buy Bitcoin<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\">How to buy Cryptocurrency<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel. Bitcoin Prediction Statistics Data: Bitcoin <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-august-9-btc-fails-to-take-24000-resistance\" title=\"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":339894,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance<\/title>\n<meta name=\"description\" content=\"The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel.\" \/>\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\/339893\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance\" \/>\n<meta property=\"og:description\" content=\"The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-09T19:23:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-09T19:27:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_1D_07082022.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1079\" \/>\n\t<meta property=\"og:image:height\" content=\"565\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance\",\"datePublished\":\"2022-08-09T19:23:37+00:00\",\"dateModified\":\"2022-08-09T19:27:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893\"},\"wordCount\":409,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"Bitcoin\",\"btc\",\"BTCUSD\",\"Technical Analysis\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893\",\"name\":\"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2022-08-09T19:23:37+00:00\",\"dateModified\":\"2022-08-09T19:27:04+00:00\",\"description\":\"The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\",\"name\":\"Azeez Mustapha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"caption\":\"Azeez Mustapha\"},\"description\":\"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/\",\"https:\/\/twitter.com\/ItuGlobal\"],\"knowsAbout\":[\"Stock Exchange\",\"Cryptocurrency Trading\",\"Forex\"],\"jobTitle\":\"Editor\",\"url\":\"https:\/\/insidebitcoins.com\/news\/author\/azeezmustaph\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance","description":"The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance","og_description":"The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel.","og_site_name":"InsideBitcoins.com","article_published_time":"2022-08-09T19:23:37+00:00","article_modified_time":"2022-08-09T19:27:04+00:00","og_image":[{"width":1079,"height":565,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_1D_07082022.png","type":"image\/png"}],"author":"Azeez Mustapha","twitter_card":"summary_large_image","twitter_creator":"@ItuGlobal","twitter_misc":{"Written by":"Azeez Mustapha","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893"},"author":{"name":"Azeez Mustapha","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8"},"headline":"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance","datePublished":"2022-08-09T19:23:37+00:00","dateModified":"2022-08-09T19:27:04+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893"},"wordCount":409,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"keywords":["Bitcoin","btc","BTCUSD","Technical Analysis"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893","name":"Bitcoin Price Prediction for Today, August 9: BTC Fails to Take $24,000 Resistance","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2022-08-09T19:23:37+00:00","dateModified":"2022-08-09T19:27:04+00:00","description":"The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the upper boundary of the channel.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8","name":"Azeez Mustapha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","caption":"Azeez Mustapha"},"description":"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.","sameAs":["https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/","https:\/\/twitter.com\/ItuGlobal"],"knowsAbout":["Stock Exchange","Cryptocurrency Trading","Forex"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/news\/author\/azeezmustaph"}]}},"modified_by":"Azeez Mustapha","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1742"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=339893"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/339893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/339894"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=339893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=339893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=339893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}