KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling

Subscribe to Updates

Get the latest Crypto news from kronosslott.

What's Hot

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

April 1, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023
Facebook Twitter Instagram
  • Affiliate Disclosure
  • Anti Spam Policy
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram
KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling
KronosSlott
Home » BTC/USD Could Touch $22,000 Level as Dips Likely to Play Out

BTC/USD Could Touch $22,000 Level as Dips Likely to Play Out

adminBy adminJanuary 18, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Bitcoin Price Prediction for Today, January 18: BTC/USD Could Touch $22,000 Level; Dips Likely to Play Out
Share
Facebook Twitter LinkedIn Pinterest Email


Join Our Telegram channel to stay up to date on breaking news coverage

After touching the daily high of $21,378, the Bitcoin price prediction shows that BTC could begin a downside correction.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $21,217
  • Bitcoin market cap – $412.7 billion
  • Bitcoin circulating supply – 19.2 million
  • Bitcoin total supply – 19.2 million
  • Bitcoin Coinmarketcap ranking – #1

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

Key levels:

Resistance Levels: $24,000, $26,000, $28,000

Support Levels: $19,000, $17,000, $15,000

BTC/USD is yet to hit the potential resistance level of $22,000 level as buying pressure cooled off. The market price is hovering around $21,217 to form a low near $21,000 before stabilizing. As of now, the Bitcoin price is yet to cross above the upper boundary of the channel but it is up by 0.38%.

Bitcoin Price Prediction: Will BTC Soar Higher Again?

After a strong week for BTC/USD and many other leading cryptos, traders are now on the lookout for indicators of what could spark the next bull run. The Bitcoin price is likely to face sideways movement, but a decisive breakout below $21,000 support could intensify selling pressure. However, if bears push the market price downwards, the consolidation may turn into a bear run.

Therefore, the current sideways movement according to the technical indicator is likely to continue, but the next hurdle for the king coin could emerge at $22,000. However, the technical indicator Relative Strength Index (14) is within the overbought region, a reversal is possible but only if the resistance at $21,500 is reclaimed. Meanwhile, the persistence trade above this level may technically push the coin to the resistance levels of $24,000, $26,000, and $28,000 while the supports lie at $19,000, $17,000, and $15,000.

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

Looking at the 4-Hour chart, Bitcoin (BTC) has not yet slipped below $21,000 but the price is in the loop of making a bounce back. At the moment, BTC/USD hovers within the 9-day and 21-day moving averages trading around $21,362.94. Therefore, it could take time to cross above the upper boundary of the channel.

BTCUSD – Daily Chart

However, if the bulls energize the market, the price could test the resistance level of $23,000 and above. In other words, if bears should hold the price, and drag it downward, then the support level of $20,000 and below may be visited as the Relative Strength Index (14) moves to cross above the 70-level, indicating additional bullish movement.

However, Meta Masters Guild (MEMAG) is the most rapidly growing Play-to-Earn guild of this year. Therefore, it is going to be the biggest mobile gaming guild in Web3. Fun and interesting games, which are compatible with NFTs, are created. And there, community members are rewarded as they speculate and also invest. The MEMAG presale is ongoing and close to $500,000 has been raised so far.

Related

Meta Masters Guild – Play and Earn Crypto

Meta Masters Guild
  • Innovative P2E NFT Games Library Launching in 2023
  • Free to Play – No Barrier to Entry
  • Putting the Fun Back Into Blockchain Games
  • Rewards, Staking, In-Game NFTs
  • Real-World Community of Gamers & Traders
  • Round One of Token Sale Live Now – memag.io

Meta Masters Guild


Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

Taking the Plunge: A Comprehensive Guide on How to Buy USDT in Dubai

March 31, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

Comments are closed.

Don't Miss

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

Litecoin April 1, 2023

Bitcoin bounced off in the last hours of March, reclaiming $28,000 and posting a 23%…

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023

Taking the Plunge: A Comprehensive Guide on How to Buy USDT in Dubai

March 31, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

April 1, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023

Taking the Plunge: A Comprehensive Guide on How to Buy USDT in Dubai

March 31, 2023

Subscribe to Updates

Get the latest Crypto news from kronosslott.

About Us
About Us

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Pinterest YouTube WhatsApp
Categories
  • Altcoin (17)
  • Bitcoin (2,020)
  • Blockchain (1,069)
  • Ethereum (332)
  • Gambling (2,082)
  • Litecoin (99)
  • NFTs (2)
Our Picks

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

April 1, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023
©2022 –Kronosslott. All Rights Reserved. Kronosslott.com is an independent i-Gaming news site and casino comparison service. Every effort is made to ensure that the bonus offers listed here are accurate and up-to-date. However, we accept no responsibility for inaccuracies or errors. It is your responsibility to confirm the terms of any promotion you choose to accept. Looking to Advertise with us? Kronosslott is always looking for new partnerships. To Inquire please email kronosslott@gmail.com

Type above and press Enter to search. Press Esc to cancel.