- The BTC price had been fluctuating below the $10,000 bench mark and above the $9,400 price level.
- The BTC price may further depreciates to the lows of $7,500 and $8,000 if the bears break below $9,000.
BTC/USD Medium-term Trend: Ranging
- Resistance Levels: $10,000, $10, 200 $10,400
- Support levels: $9,000, $8,800, $8, 600
Yesterday, July 29, the price of Bitcoin was ranging below the 12-day EMA and 26-day EMA. The crypto’s price is below the EMAs which indicate that price is likely to fall. In the last one week, the BTC price had been fluctuating below the $10,000 bench mark and above the $9,400 price level.
However, if the price fluctuates and the bears break below the $9,000 support level, the BTC price may further depreciates to the lows of $7,500 and $8,000. 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 $10,793.33 BTC/USD exchange rate today. The real-time BTC market cap of $199.73 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $3.37 Billion and live coin value change of BTC -0.21 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$10,793.3329 change ~ -0.21%
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