Bitcoin Price Prediction: BTC/USD Could Hit $18,000 Level

• Bitcoin price prediction shows that BTC bounces off the support at $17,326 as the coin moves close to the resistance level of $17,500 within the channel.
• If it breaks above the upper boundary of the channel, BTC/USD could touch the nearest resistance level of $18,500.
• The Relative Strength Index (14) signal line is likely to remain flat to give an idea that the BTC price may consolidate in the near-term.

The Bitcoin price prediction is that BTC/USD could hit $18,000 level. Currently, the coin is hovering above the 9-day and 21-day moving averages, and if it breaks above the upper boundary of the channel, the price could touch the nearest resistance level of $18,500. According to the daily chart, the Bitcoin price may continue to fight to stay above the important resistance level of $17,000 as it could move near the upper boundary of the channel. However, for BTC/USD to remain above the 9-day and 21-day, the bulls need to make sure that the $17,000 support level is strong.

Looking at the Relative Strength Index (14), the signal line is likely to remain flat to give an idea that the BTC price may consolidate in the near-term. As of now, the coin is trading around $17,326 with a 0.67% loss as the coin touches the daily low at $17,326. If the BTC bulls can push the price above the $17,500 resistance level, the coin may surge to the $18,000 level.

To remain in the bullish territory, the Bitcoin price needs to stay above the $17,000 support level. If the Bitcoin price fails to break the $17,500 resistance level, the coin may drop to the $16,000 level, and the coin may even drop further to the $14,000 and $12,000 levels. Investors and traders should keep an eye on the technical indicators as it will help them to identify the upcoming price movement of the coin.

Dieser Beitrag wurde am 17. Januar 2023 veröffentlicht, in Allgemein. Setze ein Lesezeichen mit dem Permanentlink.