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BTC/USD range; A rebound to the $18k resistance?

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The bitcoin price prediction shows bitcoin dropping below the $16,700 resistance as more bearish momentum seems imminent.

Bitcoin forecast stats data:

  • Bitcoin price now – $16,581
  • Bitcoin market cap – $319.5 billion
  • Circulating Bitcoin Supply – 19.2 Million
  • Total bitcoin supply – 19.2 million
  • Bitcoin Coinmarketcap Ranking – No. 1

BTC/USD Long-Term Trend: Range (Daily Chart)

Key levels:

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

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

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The BTC/USD pair touches the $16,649 resistance level during the European session today but the royal coin was unable to cross above this level to make gains to the upside. However, where bitcoin This decline will continue after that likely depends on the bulls being able to keep the price above the key resistance at $17,000.

Bitcoin Price Prediction: Will Bitcoin Go Up or Down?

the Bitcoin price It remains unchanged below the 9-day and 21-day moving averages; However, a further bounce seems imminent and is likely to break towards the lower boundary of the channel. Looking at the daily chart, the major support levels can be found at $14,000, $12,000, and $10,000, which gives way for Bitcoin to drop further. However, the technical indicator’s RSI (14) is still moving above the 40 level, which indicates a sideways movement.

However, as the daily chart shows, if the bulls can push the price above the upper boundary of the channel, the BTC/USD pair could see a potential resistance level at $17,000, and any further move could send it to other resistance levels at $20,000, $22,000. dollars, and $24,000, respectively.

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

Looking at the 4 hours chart, the bulls are resuming entering the market as the coin moves to cross above the 9-day and 21-day moving averages. The bulls will need to push the bitcoin price above the moving averages to confirm the upward move. However, if BTC/USD crosses above the upper boundary of the channel, resistance at $17,500 and above is likely to emerge.

BTCUSD – 4 hour chart

However, if the price breaks to the south and encounters the lower boundary of the channel, the support level at $16,000 and below could be located. Meanwhile, with the RSI (14) moving to cross above the 50 level, more bullish signs may emerge as the royal coin starts its positive move.

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Blockchain

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.

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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Blockchain

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.

Related

Dash 2 Tadawul – High Potential Pre-Selling

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Blockchain

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

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