Bitcoin Price Prediction: The Cryptocurrency Giant BTC Looking for a Recovery! – The Coin Republic

Bitcoin Price Prediction: The Cryptocurrency Giant BTC Looking for a Recovery! – The Coin Republic

Blockchain Crypto Market Technology
November 7, 2022 by Coinvasity
11
Home » Bitcoin Price Prediction: The Cryptocurrency Giant BTC Looking for a Recovery! Join Us on Google News Bitcoin price prediction suggests the sideways momentum of the greatest cryptocurrency over the chart. BTC has been stuck inside the long term consolidation phase over the daily chart. The crypto giant needs to accumulate more buyers as bears
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Home » Bitcoin Price Prediction: The Cryptocurrency Giant BTC Looking for a Recovery!
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Bitcoin price prediction suggests the sideways momentum of the greatest cryptocurrency over the chart. BTC has been stuck inside the long term consolidation phase over the daily chart. The crypto giant needs to accumulate more buyers as bears are trying to reverse the trend as it approaches the upper trendline of the consolidation phase. BTC has been consolidating inside the long term consolidation phase since 19th June. However, the token went through an interesting roller-coaster ride inside the consolidation phase. 
Bitcoin price is currently estimated at $21262 and has lost 0.21% of its market capitalization in the last 24-hour period. Trading volume has decreased by 37.45% in the intraday trading session. This indicates that sellers are trying to short the market for BTC crypto. Buyers need to pay attention over the chart for the entry to let the token surge towards the upper price range.
Bitcoin price has been consolidating inside the range and had an interesting roller coaster ride over the chart. BTC crypto is trading below 200-days DMA and is trying to sustain at 100-days DMA and is ahead of 20 and 50 EMA. However, volume change can be seen below average and needs to grow for BTC to surge for its recovery.
Bitcoin price prediction prompts the sideways momentum and is confirmed by the technical indicators. Relative Strength Index showcases the downtrend momentum of BTC crypto. RSI is at 64 and is heading towards neutrality. MACD exhibits the sideways momentum of BTC. The MACD line is ahead of the signal line but with a minor difference. Investors in BTC must wait for any  directional change and for the rebound of the cryptocurrency. 
Bitcoin price prediction suggests the sideways momentum of the greatest cryptocurrency over the chart. BTC has been stuck inside the long term consolidation phase over the daily chart. BTC crypto is trading below 200-days DMA and is trying to sustain at 100-days DMA and is ahead of 20 and 50 EMA. The MACD line is ahead of the signal line but with a minor difference. Investors in BTC must wait for any  directional change and for the rebound of the cryptocurrency. 
Support Levels: $20000 and $18500
Resistance Levels: $23000 and $25000
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.   
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