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BTC/USD is declining with the price targeting $16,500

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Bitcoin price prediction shows that BTC is likely to drop again but the buying interest may rise if the price crosses $17,000.

Bitcoin forecast stats data:

  • Bitcoin price now – $16,793
  • Bitcoin market cap – $323.2 billion
  • Circulating Bitcoin Supply – 19.2 Million
  • Total bitcoin supply – 19.2 million
  • Bitcoin Coinmarketcap Ranking – No. 1

BTC/USD Long-Term Trend: Bearish (daily chart)

Key levels:

Resistance levels: $20,000, $22,000, $24,000

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

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During the European session today, Bitcoin / US Dollar The day starts with an opening price of $17,140 and it is now falling below the 9-day moving average at the time of writing. However, the psychological barrier at $16,500 still acts as the first important support within the market, but an upward move towards the upper boundary of the channel could probably push the price towards the $18,000 resistance.

Bitcoin Price Prediction: Will Bitcoin (BTC) Fall Further?

According to the daily chart, the Bitcoin price It is likely to break below the 21-day moving average, which could increase selling pressure. At the time of writing, the BTC/USD pair is hovering around $16,793, and if this clears, dips to $16,000 are likely to be bought, which means that the general bullish sentiment could prevail.

Moreover, if the price moves below the mentioned support, then the $15,000 which served as support during the previous consolidation period could come into focus while the critical supports are located at $14,000, $12,000 and $10,000. Looking to the upside, the first resistance is likely to come at $17,500 if the king coin rebounds. Once that’s done, the $18,000 can come back into focus. Further upward movement could reach potential resistance levels at $20,000, $22,000 and $24,000 as the RSI (14) moves below the 50 level.

BTC/USD medium-term trend: Bullish (4-hour chart)

The 4-hour chart shows that bitcoin bears are still playing a role in the market which is keeping bitcoin price below its 9-day and 21-day moving averages. Although, BTC/USD has not yet fallen below $16,000 as it is still in a rebound cycle.

BTCUSD – 4 hour chart

However, bitcoin price is still below the moving averages at the time of writing, but an upward move could push the price towards the $17,500 resistance and above while the immediate support lies at $16,200 and below. The RSI (14) is moving in the same direction around level 40, which indicates a sideways movement.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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