bitcoin price prediction today bitcoin price today

 bitcoin price prediction today bitcoin price today

Bitcoin is showing some positive signs above $19,000 against the US dollar. BTC can gain strength if it clears the stop zone of $19,400.

 Bitcoin started an upward correction and climbed above $19,000.

The price is testing the $19,400 area at a moving average of 100 per hour.

 There is a break above the main bearish resistance near $19,200 on the hourly chart of BTC/USD pair (data feed from Kraken).

The pair could start a nice uptrend if there is a clear move above the $19,500 resistance

The price of Bitcoin is trying to surge higher

Bitcoin price found support near the $18,550 area and recently started an upward correction. There is a wave in progress above the $19,000 resistance area.

There is a break above the main bearish resistance near $19,200 on the hourly chart of the BTC/USD pair. The bull could push the price above the 23.6% Fib retracement level of the downside from the $20,172 high to the $18,550 low.

Bitcoin price is currently testing the $19,400 area in the 100 hour easy moving range. The price is also trading near the 50% Fib retracement level of the decline from the $20,172 low to the $18,550 low.

On the upside, a quick stop is near the $19,400 level and the 100 hour easy moving average. The next major resistance is seen near the $19,500 level. A close above the $19,500 resistance could trigger a further rally to $20,000. Any further gains could send the price to the $20,500 resistance zone

The new fall of BTC?

If bitcoin falls above the $19,500 level, it may start a new decline. Immediate support is seen at the bottom near the $19,200 area. The first major support is currently forming near the $19,070 level. A break below the $19,070 level could send the price to the $18,550 support. Any further losses below $18,550 could put more pressure on the bulls. In this case, the price may fall to the $18,000 support in the near future.

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