-

BTC May Retrace Above $29,500

The Bitcoin value prediction exhibits BTC is rising from the opening value of $29,000 because the shopping for curiosity approaches $30,000.

Bitcoin Prediction Statistics Data:

  • Bitcoin value now – $29,340
  • Bitcoin market cap – $559.9 billion
  • Bitcoin circulating provide – 19.0 million
  • Bitcoin whole provide – 19.0 million
  • Bitcoin Coinmarketcap rating – #1

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key ranges:

Resistance Levels: $35,000, $37,000, $39,000

Support Levels: $24,000, $22,000, $20,000

Bitcoin Price Prediction
BTCUSD – Daily Chart

BTC/USD is shifting sideways because the coin establishes a cross above $29,000 however presently rebounding to cross above the 9-day shifting common. The consumers could start to search for some resistance ranges on their approach to the higher boundary of the channel.

Bitcoin Price Prediction: BTC Price May Reclaim $30,000 Level

The Bitcoin value is going through the resistance degree of $29,500 and searching ahead to reclaiming the resistance degree of $30,000. However, the every day chart reveals that if the king coin crosses above the 9-day shifting common; this will verify the subsequent route that the coin will comply with. On the opposite, BTC/USD could decline if the $29,000 help breaks down, however the value may rise if the $31,000 resistance is reached.

At the time of writing, the technical indicator Relative Strength Index (14) stays under the 40-level to point out sideways motion. Therefore, if the Bitcoin value crosses above the 9-day and 21-day shifting averages, it may hit the resistance ranges of $35,000, $37,000, and $39,000 however any motion under the decrease boundary of the channel may hit the helps at $24,000, $22,000, and $20,000.

Punt Crypto Casino Banner

BTC/USD Medium-Term Trend: Ranging (4H Chart)

According to the 4-hour chart, the Bitcoin value is under the 9-day and 21-day shifting averages because the technical indicator Relative Strength Index could cross above the 50-level. From above, if the Bitcoin value crosses above the shifting averages, the bullish affect may spike and the accrued features massively.

BTCUSD – 4 Hour Chart

However, the present candle may retreat under the decrease boundary of the channel and will goal the help degree of $28,000 and under, however the very best the bulls can do is to maintain above the resistance degree of $30,000 and preserve their consideration on breaking the potential resistance at $31,000 and above.

Looking to purchase or commerce Bitcoin (BTC) now? Invest at eToro!

68% of retail investor accounts lose cash when buying and selling CFDs with this supplier

Read extra:

Latest news

Kraken CEO Jesse Powell Questions Validity of Binance’s Audit

Join Our Telegram channel to keep up to date on breaking information protection The failure of the cryptocurrency trade FTX...

Dogecoin Price Prediction – How Long Until It Reaches $1.00?

Join Our Telegram channel to keep up to date on breaking information protection The Dogecoin community is completely secure and...

Top Gainers and Trending Crypto Today 27 November

Join Our Telegram channel to keep up to date on breaking information protection The Crypto trade is witnessing a optimistic...

MATIC/USD Ranges as Price Moves Near $0.865

Join Our Telegram channel to keep up to date on breaking information protection The Polygon value prediction reveals that Polygon...
- Advertisement -spot_img

Utility-Rich Oryen Network resonates with Shiba Inu and Terra Luna holders – Early backers see 200% profits

Join Our Telegram channel to keep up to date on breaking information protection In the wake of a number of...

CELO/USD Soars Above $0.70 Level

Join Our Telegram channel to keep up to date on breaking information protection The Celo worth prediction reveals that CELO...

Must read

Kraken CEO Jesse Powell Questions Validity of Binance’s Audit

Join Our Telegram channel to keep up to date...

Dogecoin Price Prediction – How Long Until It Reaches $1.00?

Join Our Telegram channel to keep up to date...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you