• The market reached a high of $13,000 but was resisted.
• On the upside, the BTC price will reach a high of $12,500 and $13,000.

BTC/USD Medium-term Trend: Bullish

• Resistance Levels: $12,000, $12, 200 ¸ $12,400
• Support levels: $10600, $10,400, $10, 200

Yesterday, July 2, the price of Bitcoin rose from its low at $10,045 price level. The BTC price is making a series of higher highs and higher lows. The market reached a high of $13,000 but was resisted. The BTC market had a downward correction to the support of the 12-day EMA. The Bulls make an upward move to reach the high of $12,338.

The bears pulled below the 12-day EMA to the support of the 26-day EMA. The BTC price is now in a smooth uptrend. The coin is above the 12-day EMA and the 26-day EMA which indicates that the price of Bitcoin is likely to continue its  upward move. On the upside, the BTC price will reach a high of $12,500 and $13,000. 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 is in a bullish trend. A bullish trend line has been drawn showing the support levels of price where traders can initiate long trades. The 12-day EMA and the 26-day EMA are trending northward. Traders should look out for a buy order to initiate long orders. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

Bitcoin’s price is $49,699.89 BTC/USD exchange rate today. The real-time BTC market cap of $929.91 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $25.92 Billion and live coin value change of BTC 0.99 in the last 24 hours.

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