Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 29
- On July 16, the downward trend was corrected at the support of the $9,400 price level.
- On the upside, if the bulls break the EMAs, the coin will resume another bullish trend to retest the $13,000 overhead resistance.
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 BTC/USD pair was trading in the bearish trend zone after the $13,000 overhead resistance. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $9,400 price level. On July 17, the bulls made an upward move to break above the EMAs but were resisted.
The price fell to the previous low of $9,400. The previous low of $9,400 was well supported as the bulls made another attempt at the 12-day EMA and the 26-day EMA. On the upside, if the bulls break the EMAs, the coin will resume another bullish trend to retest the $13,000 overhead resistance. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
BTC/USD Short-term Trend: Ranging
On the 1-hour chart, the BTC price is in a sideways trend. After the downward trend correction, the BTC market fell to a low of $9,400 price level. On July 27, this previous low was revisited after the resistance at the $10,100 price level.
The price was resisted and it fell to the previous low of $9,400. The coin is now ranging above the $9,400 price level for a possible bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates is a buy signal.
Bitcoin’s price is $50,114.84 BTC/USD exchange rate today. The real-time BTC market cap of $934.31 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $15.41 Billion and live coin value change of BTC 2.82 in the last 24 hours.
Today's Latest Bitcoin Price Analysis, Chart Forecasts and Industry News
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Add comment
1 comment