Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 12


  • On the upside, if the bulls break the $13, 000 price level, the crypto’s price will rise and retest the high of $14,000 price level.
  • On the other hand, if the bulls fail to break the $13,000 resistance level, the BTC price will continue its range bound movement.

BTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $12,000, $11, 800 ¸ $12,400
  • Support levels: $11,400, $11,200, $11, 000

Yesterday, July 11, the price of Bitcoin was retracing from the $13,000 resistance level. The downward correction was made at the 26-day EMA support level or at the $11,000 support Level. Each time the bulls tested the resistance level, the price would fall to the support of the EMAs. On the upside, if the bulls break the $13, 000 price level, the crypto’s price will rise and retest the high of $14,000 price level.

On the other hand, if the bulls fail to break the $13,000 resistance level, the BTC price will continue its range bound movement. From the Fibonacci tool, the price fell to the support of the 0.382 Fib. retracement level. The 0.382 Fib. retracement level is a continuation zone. If the bulls defend this level, the crypto’s price will rise. The crypto’s price is above the EMAs which indicate that price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in an uptrend trend. The 12-day EMA and the 26-day EMA appears to be heading northward. The crypto’s price was in an upward move above the 12-day EMA and the 26-day EMA until the bulls were resisted at the $13,000 price level.
Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

Bitcoin’s price is $56,612.65 BTC/USD exchange rate today. The real-time BTC market cap of $1.06 Trillion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $25.73 Billion and live coin value change of BTC -1.52 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$56,612.6469 change ~ -1.52%

Coin Market Cap

$1.06 Trillion

24 Hour Volume

$25.73 Billion

24 Hour VWAP

$58.25 K

24 Hour Change

$-863.31

 

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

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