Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 4
- The price of Bitcoin was retracing after being resisted at the $12,000 price level.
- On the upside, if the bulls break the $12,000 resistance level, 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: $11250, $11,000, $10, 750
Yesterday, July 3, the price of Bitcoin was retracing after being resisted at the $12,000 price level. Today the bullish trend is ongoing as the 12-day EMA and the 26-day EMA are trending northward. Our trend line tool is still in place as we watch the price action. The assumption is that a bullish trend is ongoing if the trend line is not broken.
Secondly, a bullish trend is said to be terminated if the trend line is broken and another confirmation candlestick closes in the opposite of it. We need to wait for a confirmation candlestick to open and closed before we draw our conclusion on the bullish trend. On the upside, if the bulls break the $12,000 resistance level, 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 indicate is a buy signal.
BTC/USD Short-term Trend: Bullish
On the 1-hour chart, the BTC price is in a bullish trend. The 12-day EMA and the 26-day EMA are pointing upward indicating that price is rising. Yesterday, a large bullish candlestick tested the $12,000 resistance level and the price retraced to the support of the 12-day EMA. However, if the bears break below the two moving averages, the BTC price may continue to fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.
Bitcoin’s price is $49,920.30 BTC/USD exchange rate today. The real-time BTC market cap of $933.98 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $41.1 Billion and live coin value change of BTC -0.31 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$49,920.3013 change ~ -0.31%
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