{"id":354427,"date":"2022-10-28T17:15:31","date_gmt":"2022-10-28T21:15:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=354427"},"modified":"2022-10-28T17:15:57","modified_gmt":"2022-10-28T21:15:57","slug":"bitcoin-price-prediction-for-today-october-28-btc-usd-prepares-to-hit-21000-resistance","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-october-28-btc-usd-prepares-to-hit-21000-resistance","title":{"rendered":"Bitcoin Price Prediction for Today, October 28: BTC\/USD Prepares to Hit $21,000 Resistance"},"content":{"rendered":"
The Bitcoin price prediction shows that BTC is trading at $20,656 as the coin seems to be preparing for another upward movement.<\/p>\n
Key levels:<\/p>\n
Resistance Levels: $24,000, $25,000, $26,000<\/p>\n
Support Levels: $18,000, $17,000, $16,000<\/p>\n
BTC\/USD is trading above the 9-day and 21-day moving averages at $20,656 as the coin prepares to gain additional higher levels. At the time of writing, the Bitcoin price<\/a> is likely to extend toward the resistance level of $21,000 if the bulls put more pressure on the market.<\/p>\n At the moment, the Bitcoin price<\/a> is heading toward the upside, any further bullish movement above the upper boundary of the channel may locate the potential resistance levels at $24,000, $25,000, and $26,000. 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 above the upper boundary of the channel, this could be a sign of sustainability and may likely result in a bullish continuation.<\/p>\n However, if the Bitcoin price fails to move up; traders may see a price cut below the 9-day and 21-day moving averages, and a further low could bring the price to the support levels at $18,000, $17,000, and $16,000 respectively. But as it stands, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) crosses above the 60-level.<\/p>\n However, suppose the bulls push the market toward the upper boundary of the channel. In that case, traders may expect a retest of the $21,000 resistance level, breaking this level may further push the price towards the resistance level of $22,000 and above as the technical indicator Relative Strength Index (14) remains above 60-level, which is suggesting more bullish signals.<\/p>\n On the contrary, if the bears step back into the market and the king coin slides below the 9-day and 21-day moving averages, crossing below the lower boundary of the channel may locate the support at $19,500 and below.<\/p>\n The IMPT<\/a> token presale has been successful as the token raises $10 million in four weeks. This puts the Impact token well on its way to hitting its $10.8 million target for the first stage of the presale.<\/p>\n Dash 2 Trade is a new crypto signals platform that hopes to bring retail trading tools to the masses and has now raised $3 million on its pre-sale to achieve that goal.<\/p>\nBitcoin Price Prediction: Bitcoin (BTC) May Locate $21,000 Level<\/h2>\n
BTC\/USD Medium-term Trend: Bullish (4H Chart)<\/h2>\n
Related:<\/h3>\n
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