Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 22
- On July 16, the downward trend was corrected at the price of $9,400.
- On the upside, if the bulls break above the EMAs, the crypto’s price will rise and resume its bullish trend.
BTC/USD Medium-term Trend: Ranging
Resistance Levels: $10,000, $10, 200 ,$10,400
Support levels: $9,000, $8,800, $8, 600
Last week the price of Bitcoin was in a range bound move after the downward correction. The BTC price is now fluctuating below the 12-day EMA and the 26-day EMA. On July 10, the bulls were resisted and the market fell. The bears broke below the EMAs to reach the bearish trend zone. On July 16, the downward trend was corrected at the price of $9,400.
At the $9,400 support level, the bulls made an upward move but were resisted by the EMAs. The EMAs are flattened indicating that price is in a range bound move. 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 indicate is a buy signal.
BTC/USD Short-term Trend: Bearish
On the 1-hour chart, the BTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping horizontally. On July 20, the bulls were also resisted at the $11,000 price level. The market fell below the 12-day EMA and the 26-day EMA to a low at $10,300. The bulls pulled above the EMAs to continue a range-bound move above the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates is a sell signal.
Bitcoin’s price is $56,535.49 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 $26.31 Billion and live coin value change of BTC -1.19 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$56,535.4943 change ~ -1.19%
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