BTC/USD Begins To Show Bullish Signals

Bitcoin price predictions have faced some mixed price action lately, with multiple strong uptrends and downtrends in the crypto.

Bitcoin prediction statistics:

• Current Bitcoin Price – $16,431
• Bitcoin market cap – $314.1 billion
• Bitcoin circulating supply – 19.2 million
• Total supply of Bitcoin – 19.2 million
• Bitcoin CoinMarketCap Ranking – #1

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

Key level:

Resistance levels: $21,000, $22,000, $23,000

Support Levels: $13,000, $12,000, $11,000

At the time of writing, BTC/USD is trading just over 1.43% at the current price of $16,431, a notable surge from the recent low of $16,142 set earlier today. However, Kingcoin’s strength shows little sign of a decline, with the bulls buying aggressively on every dip as the bears struggle to build momentum. I’m here. On the other hand, where the cryptocurrency trend is in the medium term will definitely depend a lot on whether it can break above $17,000.

Bitcoin Price Prediction: What to Expect from Bitcoin (BTC)

At the time of writing, the Bitcoin price is slightly higher at its current price of $16,431.55. Although this marks a significant rally from the opening price of $16,201, it is important to note that this could be a break for the bulls to the 9- and 21-day moving averages.

On the other hand, the technical indicator’s Relative Strength Index (14) is north-facing, so a sustained cross above the 40 level could find the nearest resistance at $18,000, which, once reached, would be $21,000 and $21,000, respectively. Recovery to $22,000, $23,000 is possible. Conversely, a bearish move towards the channel lower end could see Bitcoin price reach the supports of $13,000, $12,000 and $11,000.

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

4-hour chart shows BTC/USD remains above 9- and 21-day moving averages to ease short-term bearish pressure and enable long-term recovery towards $17,000 must be However, we may see higher resistance above the $17,500 channel cap.

On the other hand, the closest support is at $16,000 and a sustained move below this level could add downward pressure and push the price closer to the support level of $15,500 and below. Given that the technical indicator Relative Strength Index (14) may return to the upside, traders should expect more bullish signals to emerge.

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However, the D2T token presale is still very strong and a novel platform like Dash 2Trade would have raised a red flag for FTX disaster. This is a revolutionary bundle of tools: analysis, indicators and signals. , automated trading, and analytical tools. The D2T presale has now raised nearly $7 million.

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