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Bitcoin Price Prediction: BTC/USD Trades Near $13,400 but the Bulls May Have to Wait a Bit

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Bitcoin (BTC) Price Prediction – October 25

The Bitcoin (BTC) has recovered from the recent low on approach to $12,800 but the Bulls may have trouble taking the price above $13,500.

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

Key levels:

Resistance Levels: $13,800, $14,000, $14,200

Support Levels: $12,400, $12,200, $12,000

BTCUSD – Daily Chart

BTC/USD resumes the upside trend after a short-lived retreat to $12,890 during early Asian hours. Presently, BTC/USD is changing hands at $13,033 above the 9-day and 21-day moving averages. A sustainable move above $13,200 may bring $13,300 back into focus and improve the technical picture. The coin after touching $13,361 has gained nearly 2% since the beginning of the day but later moved back to touch the low of 12,890.

What is the Next Direction for Bitcoin?

Looking at the daily chart, BTC/USD is still trading above the moving averages. Considering that the RSI (14) may be reversing to the downside from the overbought region, However, BTC/USD may retest $12,800 before another attempt at $13,000 but if $12,800 is broken, the nearest support level of $12,700 may come into focus, followed by $12,500.

Therefore, any failure by the bulls to move the price above the upper boundary of the channel, traders may see a price cut to $12,400, $12,200, and $12,000 supports. For now, the bulls may continue to control the market if the technical indicator remains within the overbought zone. The potential resistance levels are located at $13,800, $14,000, and $14,200.

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

At the opening of the market today, the Bitcoin price first went up to touch $13,360 but has dropped slightly within 24 hours, bringing its price below the 9-day and 21-day moving averages but currently trading at $13,015. Should the price remain below the moving averages, it could hit the critical support levels at $12,200 and below.

BTCUSD – 4 Hour Chart

In other words, if the bulls push the coin above the moving averages, the market price may reach the potential resistance levels of $13,400 and above. Meanwhile, the market may follow the downtrend as the RSI (14) indicator remains below the 60-level.

Bitcoin Price Prediction: BTC/USD Trades Near $13,400 but the Bulls May Have to Wait a Bit

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Bitcoin Price Prediction: BTC/USD Stabilizes Above $11,600 As The Bulls Struggling To Conquer $12,000

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Bitcoin (BTC) Price Prediction – October 19

Bitcoin bulls are working hard to nurture a bullish trend from the support at $11,400.

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

Key levels:

Resistance Levels: $12,100, $12,300, $12,500

Support Levels: $11,100, $10,900, $10,700

BTCUSD – Daily Chart

BTC/USD is currently trading 1.19% higher on the day. BTC/USD opens the session at $11,514 and now adjusting upwards to the prevailing market value of $11,650. The first digital coin is moving within the short-term bullish trend amid low volatility. The current conditions imply that the price may break above the upper boundary of the channel in the next few trading hours as the coin remains above 9-day and 21-day moving averages. Meanwhile, the technical indicator RSI may start following the upward trend.

Where is BTC Price Going Next?

At the opening of the market today, after testing the low of $11,416, BTC/USD is currently trading at $11,650. Meanwhile, looking at the market movement, there is likely that the market may experience a quick retracement or sell-off just after touching the crucial $11,685, and traders may see $11,300 to $11,200 being tested again before pushing higher.

On the downside, if the market decides to fall, the price of Bitcoin could fall below the 9-day moving average, and if that support fails to hold the sell-off, traders could see a further decline below the 21-day moving average and towards the support levels of $11,100, $10,900, and critically $10,700. All the same, any further bullish movement above the upper boundary of the channel may hit the resistances at $12,100, $12,300, and $12,500.

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

On the 4-hour chart, we expect the coin to gain the lost momentum and hit the trade above $11,800. However, the volatility hovers, and the selling pressure still exists which leads the coin not to be able to cross above the upper boundary of the channel. Meanwhile, the $11,400 and below may come into play if BTC breaks below moving averages.

BTCUSD – 4 Hour Chart

However, if the buyers can reinforce and power the market, traders can expect a retest at the $11,800 resistance level, and breaking this level may further allow the bulls to reach $12,000 and above. The RSI (14) is seen nose-diving from the overbought region which shows that more bearish signals may play out.

Bitcoin Price Prediction: BTC/USD Stabilizes Above $11,600 As The Bulls Struggling To Conquer $12,000

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Bitcoin Price Prediction: BTC/USD May Drop Below $11,000 Before Next Uptrend

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Bitcoin (BTC) Price Prediction – October 17

BTC/USD may stop short of $11,250 as this level is guarded by strong technical barriers.

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

Key levels:

Resistance Levels: $11,700, $11,900, $12,100

Support Levels: $11,000, $10,800, $10,600

BTCUSD – Daily Chart

BTC/USD hovers around $11,352 but fails to break above the 9-day moving average and $11,500 resistance. The first digital coin has gained about 0.21% in recent 24 hours and stayed unchanged since the beginning of the day. Meanwhile, the coin remains in the hands of the bulls above $11,000 but must rise above $11,500 to escape the danger zone.

Where is BTC Price Going Next?

If the bulls can successfully push the price above the channel, the next resistance levels may be found at $11,700, $11,900, and $12,100. For now, BTC/USD is trading at $11,352 while pushing for gains towards the short term resistance at $11,400. On the downside, the critical support is created at a psychological $11,250. The price touched this barrier during early Asian hours and recovered swiftly above this level. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $11,200 and $11,100. However, any further low drive could send the price to $11,000, $10,800, and $10,600 supports.

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

BTC/USD trades within the range of $11,240 to $11,560. Nevertheless, Bitcoin has not yet slipped below $11,200 and is still in the loop of making a bounce back. BTC price hovers around $11,333 and may take time to persistently trade above $11,400. The upward movement is facing hurdles near the $10,500 and $10,700 resistance level.

BTCUSD – 4 Hour Chart

On the downside, immediate support is near the $11,300 level while the main support is at the $11,250 level. The price might slide below $11,200 which may likely test another support at the $11,000 level. Technically, Bitcoin is currently moving in sideways while the RSI (14) moves around 47-level, indicating indecisive market movement.

Bitcoin Price Prediction: BTC/USD May Drop Below $11,000 Before Next Uptrend

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Bitcoin Price Prediction: BTC/USD Faces Rejection after Touching $10,828 Daily High

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Bitcoin (BTC) Price Prediction – September 26

Bitcoin (BTC) is currently facing exhaustion after been rejected at higher levels.

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

Key levels:

Resistance Levels: $11,400, $11,600, $11,800

Support Levels: $10,000, $9,800, $9,600

BTCUSD – Daily Chart

BTC/USD bulls appear to be recharging after successfully breaking back above the 9-day and 21-day moving averages touching the daily high at $10,828. At the time of writing, Bitcoin is trading at $10,695. Meanwhile, the RSI (14) shows a range-bound may play out soon but it is essential to realize that selling influence is also present and therefore, everyone must proceed with caution.

What to Expect from Bitcoin (BTC)

For Bitcoin holding above $10,500 remains key to ensuring buyers do not lose sight of the critical resistance at $11,000. Moreover, buyers must work hard to keep Bitcoin above the moving averages. A move above this barrier is likely to stir a buying frenzy in the market, attracting more investors. Therefore, if buyers overcome the seller congestion at the upper trend-line, traders can then expect BTC/USD to extend the bullish action majestically above $11,000.

Looking above that, we have the $11,400, $11,600, and $11,800 as the next set of likely resistances if Bitcoin manages to sustain its current momentum. In other words, if the bearish traders manage to defend the daily 21-day MA, however, then we should look to the $10,450 as the first area of support, falling below the lower boundary of the channel may locate the critical supports at $10,000, $9,800, and $9,600 respectively.

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

Looking at the 4-Hour chart, Bitcoin (BTC) has not yet slipped below the 9-day moving average and is still in the loop of making a bounce back. BTC/USD price hovers around the upper boundary of the channel and may take time to persistently cross the resistance level of $10,800. At the moment, the Bitcoin price is currently moving around $10,678 level.

BTCUSD – 4 Hour Chart

However, if BTC/USD decisively overcomes the $10,800 resistance, the next obstacles lie at $10,900 and $11,100. In other words, if the bears hold the price and push it downward, then the support level of $10,500and $10,300 may be visited as the RSI (14) may go below 55-level to indicate more bearish signals.

Bitcoin Price Prediction: BTC/USD Faces Rejection after Touching $10,828 Daily High

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