Bitcoin (BTC) Price

Bitcoin Price Prediction: Long-term (BTC) Value Forecast – July 20

Azeez Mustapha
July 20, 2019

On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level.
On the other hand, if the bulls fail to break above the EMAs, the crypto's price will commence a range bound move below the EMAs

BTC/USD Long-term Trend: Ranging

Resistance $10,500, $11,000, $11,500
Support levels: $10,000, $9,500, $9,000

The BTC/USD pair had been trading in the bearish trend zone after facing resistance at the $13,000 overhead resistance level. On July 10, the BTC price reached a high of $13,000 but was resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. In the previous resistances, the price fell within the bullish trend zone. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level.

On the other hand, if the bulls fail to break above the EMAs. the crypto's price will commence a range bound move below the EMAs,Meanwhile, the MACD line, and the signal line are above the zero line which indicates a buy signal.

Bitcoin’s price is $49,177.07 BTC/USD exchange rate today. The real-time BTC market cap of $916.95 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $12.06 Billion and live coin value change of BTC 0.15 in the last 24 hours.

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The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.