• On the upside, if the bulls break above the EMAs, the crypto’s price will rise and resume its bullish trend.
• The BTC price had been hovering above the $9,400 price level in the last three days.

BTC/USD Medium-term Trend: Bearish

• Resistance Levels: $10,000, $10, 200 ¸ $10,400
• Support levels: $9,000, $8,800, $8, 600

Yesterday, July 18, the price of Bitcoin was in a bullish trend. The BTC price had been hovering above the $9,400 price level in the last three days. The market made an upward move to break above the 12-day EMA and the 26-day EMA but was resisted at the 26-day EMA. On the upside, if the bulls break above the EMAs, the crypto’s price will rise and resume its bullish trend.

It is most likely the bulls will retest the $13,000 resistance level. However, if the bulls fail to break above the EMAs, the BTC market will continue its range bound move above the $9,400 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: Bullish

On the 1-hour chart, the BTC price has resumed its upward move above the EMA. The 12-day EMA and the 26-day EMA are pointing northward indicating that price is rising. The BTC market has earlier fallen to the lows of $9,200 and $9,400 on July 17 and 18 respectively before breaking above the EMAs.

In the bullish trend zone, the market reached $10, 800 price level but was resisted. The price has fallen and it is trading below the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

Bitcoin’s price is $57,286.90 BTC/USD exchange rate today. The real-time BTC market cap of $1.07 Trillion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $27.95 Billion and live coin value change of BTC -3.06 in the last 24 hours.

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