• On the downside, if the bearish pressure continues, the price may reach a low of $9,000 or $9,400 price level.
• The crypto's price is trading between the levels of $9,600 and $10,100.

BTC/USD Medium-term Trend: Ranging

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

Yesterday, July 24, the price of Bitcoin was falling after the resistance at the 12-day EMA and the 26-day EMA. Today, the BTC price is trading at $9,769 as against $9,859, the previous day. The BTC price is trading near the $10,000 mark. This also indicates that the BTC price is in a range-bound move below the EMAs.

Then we expect the price to be fluctuating near the $10,000 price level. On the downside, if the bearish pressure continues, the price may reach a low of $9,000 or $9,400 price level. Nevertheless, the price of Bitcoin will further depreciate, if the bears test the $9,000 price level and break it. On a positive side, if the bulls break above the EMAs, the BTC price will resume its uptrend and retest the previous high. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto's price is trading between the levels of $9,600 and $10,100. The BTC price is range-bound near the $10,000 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 $32,087.55 BTC/USD exchange rate today. The real-time BTC market cap of $596.57 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $16.35 Billion and live coin value change of BTC 7.45 in the last 24 hours.

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