• Bitcoin price prediction shows that BTC is likely to cross below the 9-day moving average with the daily low at the $22,000 level.
• Bitcoin (BTC) is likely to face a prolonged sideways move or head toward the south if it crosses below the 9-day moving average.
• Bitcoin price is trading up with a loss of 0.15% at its current price of $22,602 and could slide below the 21-day moving average in the coming days.
Today’s Bitcoin price prediction is that the coin may not go beyond the $23,000 resistance level. The flagship cryptocurrency has been in a period of consolidation, with the price remaining mostly stagnant in the past few days. Bitcoin is currently trading at $22,602, with a 0.15% loss since yesterday.
The market could still see a slight decline with the bears pushing the price downward, and the coming days may bring the price to the lower side as it could slide below the 21-day moving average. The 9-day moving average could also be a critical level to watch, as BTC may face a prolonged sideways move or head towards the south if it crosses below this level.
On the other hand, if the bulls manage to break above the upper boundary of the channel, the king coin could potentially make a strong rally. The $27,000, $29,000, and $31,000 levels could be seen as important resistance levels if the coin manages to move beyond the $23,000 level.
In conclusion, the Bitcoin price prediction shows that BTC is likely to remain range-bound near the $22,000 level. However, if the bulls manage to break above the 9-day moving average and the $23k resistance level, then it could potentially lead to a strong rally. On the other hand, if the bears manage to push the price below the 9-day moving average, then the coin could potentially slide below the $22,000 level in the coming days.