BTC Slides Below $19,000 Support


The Bitcoin price prediction shows that BTC may keep hovering below the moving averages as the coin touches $18,755 support.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $19,019
  • Bitcoin market cap – $362.5 billion
  • Bitcoin circulating supply – 19.0 million
  • Bitcoin total supply – 19.0 million
  • Bitcoin Coinmarketcap ranking – #1

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Track live crypto price of 10000+ coins!


Resistance Levels: $25,000, $27,000 $29,000

Support Levels: $14,000, $12,000, $10,000

BTC/USD may face a setback that could drag the coin below the lower boundary of the channel, and the king coin is likely to have an additional bearish run. Currently, Bitcoin (BTC) is trading around the $19,019 level.

Bitcoin Price Prediction: Bitcoin (BTC) Remains in the Negative Zone

The Bitcoin price is currently nose-diving below the 9-day and 21-day moving averages touching the daily low at $18,755. If the price should slump below the support level of $18,000, it is likely to face more downward trends. Moreover, the further bearish movement could locate the supports at $14,000, $12,000, and $10,000, making room for BTC to fall even further.

Punt Crypto Casino Banner

However, the technical indicator Relative Strength Index (14) resumes back into the oversold region as the trading volume is in support of the bears. On the contrary, if bulls push the price back above the 9-day and 21-day moving averages, BTC/USD may move towards the upper boundary of the channel to locate the resistance levels at $25,000, $27,000, and $29,000.

Related:  Troubled Crypto Exchange Zipmex Receives Three Month Creditor Protection From Singapore Court

BTC/USD Medium-Term Trend: Ranging (4H Chart)

On the 4-Hour chart, the Bitcoin price remains below the 9-day and 21-day moving averages, and the immediate support is likely to come at around the $18,500 level. The price may likely fall below this level if the bears continue to dominate the market.

BTCUSD – 4-Hour Chart

However, a further bearish movement could hit the critical support at the $18,000 level and below, while the resistance is located above the moving averages at the resistance level of $20,500 and above. Meanwhile, the Bitcoin price is currently moving on the negative side as the technical indicator Relative Strength Index (14) remains below 40-level.

eToro – Our Recommended Bitcoin Platform

eToro exchange
  • Regulated by the FCA, ASIC and CySEC
  • Buy Bitcoin with Bank transfer, Credit card, Neteller, Paypal, Skrill
  • Free Demo Account, Social Trading Community – 20 Million Users
  • Free Bitcoin Wallet – Unlosable Private Key
  • Copytrade Winning Bitcoin Traders – 83.7% Average Yearly Profit

eToro exchange

68% of retail investor accounts lose money when trading CFDs with this provider.

Read more:


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: