Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 9
- Today the bulls have broken the $12,000 resistance level, the crypto’s price approaches the highs of $13,000 and $14,000 price levels.
- The crypto’s price is above the EMAs which indicate that price is likely to rise.
BTC/USD Medium-term Trend: Bullish
- Resistance Levels: $12,000, $11, 800 ¸ $12,400
- Support levels: $12250, $11,000, $10, 750
Yesterday, July 8, the bulls broke the $12,000 resistance level as the BTC price rose to the previous highs. On June 27, at the 12-day EMA support level, the bulls made an upward move but were resisted at the $12,000 price level. The price retraced to the support of the 26-day EMA.
On July 5, the bulls made another attempt at the resistance but were resisted. Today the bulls have broken the $12,000 resistance level, the crypto’s price approaches highs of $13,000 and $14,000 price level. The crypto’s price is above the EMAs which indicate that price is likely to rise. 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 an uptrend trend. The 12-day EMA and the 26-day EMA are trending upward. A trend line has been drawn showing the support levels where traders can initiate long trades.
The crypto’s price is making a series of higher highs and higher lows. Each time the bullish candlesticks tests the trend line, the price climbs higher. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.
Bitcoin’s price is $50,763.48 BTC/USD exchange rate today. The real-time BTC market cap of $946.53 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $15.56 Billion and live coin value change of BTC 2.88 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$50,763.4770 change ~ 2.88%
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