Bitcoin Price Prediction for Today, July 12: BTC/USD Slumps Below $19,500 - BitcoinEthereumNews.com
Nevertheless, if the coin moves lower, the $19,000 may serve as the nearest support level, which may likely make room for the coin to fall further to hit the supports at $14,000, $12,000, and $10,000. The Relative Strength Index (14) nosedives below 40-level indicate a downward movement. On the contrary, if the coin breaks above the moving averages, it could hit the resistance levels of $27,000, $29,000, and $31,000 which is above the upper boundary of the chanel. BTC / USD मध्यम अवधि की प्रवृत्ति: रेंजिंग (4H चार्ट) Looking at the 4-Hour chart, the BTC price keeps hovering around $19,396 and could take time to cross above the 9-day and 21-day moving averages. However, if the bulls gather enough strength, the upward movement may be able to near the resistance levels of $22,000 and above. बीटीसीयूएसडी - 4-घंटे चार्ट On the downside, immediate support could be located around the $19,000 level while the critical support is at the $18,000 and below. Therefore, the Bitcoin price may likely fall towards the lower boundary of the chanel if the bears put more pressure on the market, more so, the Relative Strength Index (14) is within the oversold region, suggesting a bearish movement.