Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 1
- Last week the price of Bitcoin tested the $14,000 overhead resistance but was resisted.
- On the downside, if the bearish pressure continues, the crypto’s price will fall to the lows of either $10,500 or $11,000 price level.
BTC/USD Medium-term Trend: Bearish
- Resistance Levels: $12,000, $12, 200 ¸ $12,400
- Support levels: $11, 200,$11,000, $10, 800
Last week the price of Bitcoin tested the $14,000 overhead resistance but was resisted. On June 26, the BTC market was on a downward correction to the support of the $11,000 price level. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a sideways trend.
The BTC price made an upward move at the $11,000 support level to reach the bullish trend zone. The bulls could not sustain the price above the EMAs and they were resisted at the $12,500 price level. The coin is now below the EMAs which indicates that price is likely to fall.
On the downside, if the bearish pressure continues, the crypto’s price will fall to the lows of either $10,500 or $11,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.
BTC/USD Short-term Trend: Bearish
On the 1-hour chart, the BTC price is in a range bound move below the $12,200 price level. On June 29 and 30, the bulls tested the $12,200 resistance level, and were resisted. The market went down to the support of the EMAs but in the second instance, the market went down to the support of the $ 11,000 price level. The bearish pressure is likely to subside at the $11,000 support zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates is a sell signal.
Bitcoin’s price is $47,146.26 BTC/USD exchange rate today. The real-time BTC market cap of $879.04 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $19.11 Billion and live coin value change of BTC -4.28 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$47,146.2571 change ~ -4.28%
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