$30k Mark May Make BTC/USD More Appealing

Bitcoin’s current price stands at $29,612, with a market cap of $574.9 billion and a circulating supply of 19.3 million. The bitcoin price prediction suggests that BTC may break out of its current short-term pattern and move towards the $32,000 level. The technical indicator Relative Strength Index (14) is moving above the 50-level as the coin consolidates around this level, indicating that there may still be room for exploration by the bears. However, if BTC/USD remains above the 9-day and 21-day moving averages, the $29,000 support level could be strong. If BTC/USD breaks below this level, it could change the direction of the coin to face the lower boundary of the channel. Alternatively, if BTC/USD reclaims the previous resistance level of $30,000, it could aim at the resistance levels of $35,000, $37,000, and $39,000 respectively.

From a technical point of view, on the 4-hour chart, the technical indicator Relative Strength Index (14) is recovering above the 60-level, confirming a bullish movement. If the current market value rises and crosses above the upper boundary of the channel, the bitcoin price could hit the potential resistance level of $32,000 and above. However, if the bitcoin price heads towards the lower boundary of the channel, the market price could reach support at $27,500 and below.

Investors looking to capitalize on the meme coin trend may consider Love Hate Inu, which is built on the reliable and secure Ethereum blockchain. The platform ensures top-level security and transparency, making it an attractive option for investors. Almost $9 million has been raised in the pre-sale, and the project features decentralized polling, staking rewards, and potential for viral memes.

Read the complete article

(Visited 2 times, 1 visits today)

About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

You Might Be Interested In


Your email address will not be published. Required fields are marked *

This is default text for notification bar