BTC/USD Threatens $19,000 Support; Price Touches $18k Low

Bitcoin Price Prediction for Today, October 13: BTC/USD Threatens $19,000 Support; Price Touches $18k Low

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

The Bitcoin price prediction reveals that BTC continues to head to the downside as its price moves below $19,000 to touch the low of $18,131.

Bitcoin Prediction Statistics Data:

Bitcoin price now – $18,440
Bitcoin market cap – $360.5 billion
Bitcoin circulating supply – 19.1 million
Bitcoin total supply – 19.1 million
Bitcoin Coinmarketcap ranking – #1

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

Key levels:


Resistance Levels: $22,000, $24,000, $26,000

Support Levels: $16,000, $14,000, $12,000

Buy Bitcoin Now

Your capital is at risk

BTC/USD is trading around $18,440 below the 9-day and 21-day moving averages as the king coin heads to the downside. At the time of writing, Bitcoin (BTC) has remained in a bearish zone, and it is likely to touch the support of $18,000. However, the Bitcoin price is now plunging below the former resistance level of $19,174 which may cause many investors to take profits off the table.

Bitcoin Price Prediction: Would Bitcoin (BTC) Break More Downs?

The Bitcoin price is currently changing hands at $18,440, however, where BTC trends next may partly depend on whether or not buyers can close today’s candle above the $19,000 level. Should in case this comes to play, the bulls may propel prices higher, and then traders may expect the king coin to rise above the $20,000 resistance, which could later move towards the potential resistance levels at $22,000, $24,000, and $26,000.

On the other hand, if the Bitcoin price failed to close above the $19,000 level; the price could drop toward the lower boundary of the channel. A low drive could send the price to $16,000, $14,000, and $12,000 supports. Meanwhile, the technical indicator Relative Strength Index (14) crosses below the 40-level as the signal line shows a continuous bearish movement.

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

Looking at the 4-hour chart, following the rejection of $18,974, BTC/USD is trading below the 9-day and 21-day moving averages. Looking at it from above, if Bitcoin revisits $19,000 resistance, then the next level of resistance could be $19,500, along with the significantly mentioned ascending trend-line. The potential resistance could be at $20,000 and above.

BTCUSD – 4-Hour Chart

Meanwhile, as the technical indicator ranges, this might have signaled a temporary end to the bullish trend of Bitcoin for a moment. However, if the coin falls below the lower boundary of the channel, the market price may likely reach the support level of $17,500 and below.

Tamadoge – Play to Earn Meme Coin

Tamadoge logo

Earn TAMA in Battles With Doge Pets
Maximum Supply of 2 Bn, Token Burn
Now Listed on OKX, Bitmart, LBank, MEXC, Uniswap
Ultra Rare NFTs on OpenSea

Tamadoge logo

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

Source link


Be the first to comment

Leave a Reply

Your email address will not be published.