BTC/USD Risks Fresh Drop Below $16k

Join Our Telegram channel to keep up to date on breaking information protection

The Bitcoin value prediction reveals that BTC is but to achieve energy above the shifting averages because the coin heads to the draw back.

Bitcoin Prediction Statistics Data:

  • Bitcoin value now – $16,863
  • Bitcoin market cap – $324 billion
  • Bitcoin circulating provide – 19.2 million
  • Bitcoin complete provide – 19.2 million
  • Bitcoin Coinmarketcap rating – #1

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

Key ranges:

Resistance Levels: $21,000, $23,000, $25,000

Support Levels: $14,000, $12,000, $10,000

After one other failure to keep above the $17,000 stage; BTC/USD stays beneath the 9-day and 21-day shifting averages. The Bitcoin value may start one other decline if bulls failed to push it above the shifting averages. At the opening of right now’s buying and selling; the king coin touches the resistance stage of $17,067, however any additional bearish motion could convey the coin to the bearish zone.

Bitcoin Price Prediction: Bitcoin (BTC) May Consolidate on the Downside

As the Bitcoin value hovers beneath the shifting averages, crossing beneath the decrease boundary of the channel could enhance the promoting stress beneath the $16,000 stage. More so, if there are extra losses, the value may break the key helps at $14,000, $12,000, and $10,000. Meanwhile, the technical indicator Relative Strength Index (14) strikes beneath the 40-level to enhance the bearish motion.

On the opposite hand, if the king coin heads to the upside; it may start a bullish motion and the principle resistance could possibly be positioned across the $20,000 stage and a transparent break above this stage could push the value in direction of the resistance ranges of $21,000, $23,000, and $25,000.

BTC/USD Medium-term Trend: Bearish (4H Chart)

According to the 4-hour chart, the coin could achieve misplaced momentum if it breaks above the 9-day and 21-day shifting averages. At the second, the volatility nonetheless hovers, and the promoting stress nonetheless exists, this might lead the coin to the draw back. Meanwhile, the $15,000 and beneath could come into play if BTC breaks towards the decrease boundary of the channel.

BTCUSD – 4 Hour Chart

However, if the patrons can reinforce and energy the market, merchants can anticipate a retest at a $17,000 resistance stage, and breaking this stage could additional enable the bulls to attain the resistance stage of $20,000 and above. The Relative Strength Index (14) is shifting to cross above the 40-level, which exhibits that bullish indicators could play out.

The IMPT Token Presale Offers a Rare Investment Opportunity

The Impact Token is presently within the pre-sale part. So far, the digital asset raises practically $13 million in only one month.

D2T Token Price Is a Good Bargain

BitMart now has Dash 2 Trade listed after the pre-sale, together with LBank. The D2T pre-sale is promoting out quick and has already raised about $6 million for the longer term growth of the platform.


Dash 2 Trade – High Potential Presale

Dash 2 Trade
  • Active Presale Live Now – dash2trade.com
  • Native Token of Crypto Signals Ecosystem
  • KYC Verified & Audited

Dash 2 Trade

Join Our Telegram channel to keep up to date on breaking information protection

Latest news

Zion Social Network Embraces Bitcoin Payments Via Lightning Network For Instant Transactions Through Secure Messaging

Disclaimer: Zion is a portfolio firm of UTXO, a fund managed by BTC Inc., the father or mother firm...

Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

Coinbase, the main cryptocurrency buying and selling platform within the United States, has just lately discovered itself embroiled in...

Amboss Unveils LINER Index, Bolstering Enterprise Adoption Of Lightning Network

Amboss, a knowledge analytics supplier for the Bitcoin Lightning Network (LN), has launched LINER (Lightning Network Rate), an revolutionary...

Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations

Coinbase, one of many main cryptocurrency exchanges, has been charged by the Securities and Exchange Commission (SEC) for working...
- Advertisement -spot_img

KAVA Holds In Green Despite Bears Took Control Of Market 

The cryptocurrency market has been risky within the final day, with costs typically experiencing vital fluctuations. However, whereas the...

Gateway Issues Cause Withdrawal And Deposit Delays For Kraken Exchange

Renowned trade Kraken is battling points with its crypto funding gateways, which embody BTC, ETH, and ERC-20, as customers...

Must read

Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

Coinbase, the main cryptocurrency buying and selling platform within...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you