Bitcoin (BTC) Price Prediction – July 15
Traders may see a more severe decline in the next couple of days if the bearish trend continues to shape in a pattern formation.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $9,600, $9,800, $10,000
Support Levels: $8,800, $8,600, $8,400
At the time of writing, BTC/USD is trading down marginally at its current price of $9,190. This is around where it has been hovering throughout the last week. Actually, buyers have attempted to propel it higher on multiple occasions, each one was met with significant selling pressure around $8,800. The technical indicator MACD is still reflecting an ongoing bearish action in the market as Bitcoin remains in the negative zone. A positive cross should provide a buying opportunity.
Meanwhile, the market is currently following a sideways movement and this unrelenting sideways movement trading is unlikely to last … Read more