Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 16
- On the downside, if the bearish trend continues, the BTC price may fall to the low of either $8,000 or $9,000 price level.
- Yesterday, the bulls made an upward move but were resisted by the 26-day EMA.
BTC/USD Medium-term Trend: Bullish
Resistance Levels: $10,500, $11, 000, $11,400
Support levels: $9,500, $9,000, $8, 500
Yesterday, July 15, the price of Bitcoin was in the bearish trend zone. Once the price of an asset falls into the bearish trend zone, there is the tendency for its continuous fall. Yesterday, the bulls made an upward move but were resisted by the 26-day EMA. However, a bearish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it.
Another candlestick ought to be the same candlestick as the previous one. Therefore, the bearish trend is not yet terminated. Nevertheless, the BTC coin had been on a downward correction on July 10, after the market fell from the $13, 000 overhead resistance. On the downside, if the bearish trend continues, the BTC price may fall to the low of either $8,000 or $9,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
BTC/USD Short-term Trend: Bearish
On the 1-hour chart, the BTC price was in a downward trend. The 12-day EMA and the 26-day EMA were trending southwardly. Yesterday, the bears push the price to the support of the $10,000 price level. However, the bulls took control and pulled back price above the EMAs.
At the high of $11, 000, the bulls were resisted and the price fell to the support of the $10,600 price level. In other words, the BTC price fell below the 26 –day EMA support level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.
Bitcoin’s price is $58,189.60 BTC/USD exchange rate today. The real-time BTC market cap of $1.09 Trillion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $25.45 Billion and live coin value change of BTC -0.04 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$58,189.5977 change ~ -0.04%
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