Bitcoin Price Prediction: Long-term (BTC) Value Forecast – July 27
- The BTC price was depreciated by 12.55% of its capitalization in July 2019.
- On the downside, if the price continues its fall and the $9,000 price level is broken, the coin will further depreciate to the low of $8,000 price level.
BTC/USD Long-term Trend: Ranging
- Resistance levels: $10,500, $11,000, $11,500
- Support levels: $9,000, $8,500, $8,000
The BTC/USD pair was in a bearish trend in July 2019. On July 9, the pair reached a high of $13,000 and were resisted. On July 1, the coin has an opening balance of $10,800 and a closing balance of $9,444 as of July 27, 2019. The BTC price was depreciated by 12.55% of its capitalization in July 2019. On July 10, the bulls were resisted at the $13,000 price level. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $9,400 price level.
On July 17, the bulls made an upward move to break above the EMAs but were resisted. The BTC price has fallen to the previous low of $9,400. On the downside, if the price continues its fall and the $9,000 price level is broken, the coin will further depreciate to the low of $8,000 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Bitcoin’s price is $31,622.87 BTC/USD exchange rate today. The real-time BTC market cap of $587.93 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $13.44 Billion and live coin value change of BTC -0.53 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$31,622.8737 change ~ -0.53%
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