The Bitcoinย (BTC) priceย forecast is asย ofย now moving bearishly and appearsย to be preparing for theย following move below the levelย ofย support of $26,000.
Bitcoinย (BTC) Prediction Statistics Data:
- Bitcoinย (BTC) price now โ $26,401
- Bitcoinย (BTC) marketย capitalization โ $509.1 billion
- Bitcoinย (BTC) circulating supply โ 19.3 million
- Bitcoinย (BTC) total supply โ 19.3 million
- Bitcoinย (BTC) Coinmarketcap ranking โ #1
BTC/USD Longstanding Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $32,000, $34,000, $36,000
Support Levels: $21,000, $19,000, $17,000
BTC/USD is seen hovering at $26,401, with theย present consolidation pattern, the king coin remains below the 9-day and 21-day moving averages. Nevertheless Bitcoinย (BTC) begins the day off intending to tendency higher but couldnโt. Inย theย meantime, any positiveย tendency cross over the 9-day and 21-day moving averages could hit the nearest resistance level of $27,500. Inย theย meantime, any bearish cross below the lower boundary of the channel could locate the 1st pointย ofย support at $26,000. Beneath this, other supports mayย be below found at $21,000, $19,000, and $17,000.
Bitcoinย (BTC) Price Prediction: Bitcoinย (BTC) May Face the Downside
The Bitcoinย (BTC) price is sliding toward the lower boundary of the channel as the technical indicator Relative Strength Index (14) moves to cross below the 40-level. On theย following positive move, Bitcoin could break to the upside as the candle isย still isย still to close. Inย theย meantime, if the bulls push the king coin to the north, theย capacity resistance levels mayย be found at $32,000, $34,000, and $36,000.
BTC/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, may must cross over the 9-day and 21-day moving averages and move toward the upper boundary of the channel to mitigate the short-term bearish pressure so that it can reclaim the $27,000 level. Still, this psychological barrier couldย be closely followed by the resistance level of $25,500 and above.
On the contrary, if the king coin heads to the downside, the nearest support may come at $26,000, and a sustainable bearish movement could increase the downside pressure and attract the price toward $25,500 and below. Seeingย as the technical indicator Relative Strength Index (14) on the 4-hour chart, the coin isย veryย likely move sideways as the signal line moves in the same direction.
Bitcoinย (BTC) Alternatives
The Bitcoinย (BTC) price could begin another decline if bulls failed to push the coin to the upside. At the opening of todayโs trading; the king coin could not cross over the 9-day and 21-day moving averages, but headed toward the lower boundary of the channel. Inย theย meantime, any bearish movement to the south may attract the coin down to the bearish zone. Nonetheless, the platform provides an AI-driven Memeย Coin generation experience for users, adapting to the ever-changing cryptocurrency world. This employs advanced Artificialย Intelligenceย (AI) technology for creating relevant memes accordingย to user-provided text prompts. Inย theย meantime, the key aspects include the AI-powered Memeย Coin generator, text-based prompts, and $ Artificialย Intelligenceย (AI) cryptoย tokens for purchasing credits. Furthermore, the cryptoย token is asย ofย now at the presale stage raising almost $12 million.
