BTC/USD Climbs Above $18K; Ready for Higher Levels?

Join Our Telegram channel to stay up to date on breaking news coverage

The Bitcoin price prediction is showing positive signs as the king coin heads to the upside, suggesting further higher levels.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $18,114
  • Bitcoin market cap – $348.4 billion
  • Bitcoin circulating supply – 19.2 million
  • Bitcoin total supply – 19.2 million
  • Bitcoin Coinmarketcap ranking – #1

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $21,500, $22,500, $23,500

Support Levels: $15,500, $14,500, $13,500

BTC/USD climbs above the resistance level of $18,000 as the new month’s high beckons. The Bitcoin price sets its eye on $20,000 and the king coin will continue to enjoy a sharp uptrend as long the crypto can keep this trend up. Meanwhile, the Bitcoin price is within touching distance of forming another high above the previous high of $18,000, which is quite remarkable.

Bitcoin Price Prediction: Where is Bitcoin Price Going Next?

The Bitcoin price is trading comfortably towards the upper boundary of the channel as the price establishes a new bullish signal. At the moment, traders could say that the long-term outlook favors the bulls, giving the daily close produced a large bullish engulfing candle with eyes now set on the daily resistances at $21,500, $22,500, and $23,500 respectively.

On the contrary, any drop from the current level could lead to declines in the critical support below the 9-day and 21-day moving averages. However, in case BTC drops and revisits the low of $17,731 support, then the coin can rely on the long-term support levels at $15,500, $14,500, and $13,500. Moreover, the technical indicator Relative Strength Index (14) is now moving above the 60-level, suggesting more bullish signals.

BTC/USD Medium-term Trend: Bullish (4H Chart)

According to the 4-hour chart, the Bitcoin price is seen trading above the 9-day and 21-day moving averages at $18,101. However, today’s price move happens to be an impressive one as it climbs above the long-awaited resistance level of $18,000 with a sharp upsurge. On that note, BTC/USD is now maintaining its bull run as the technical indicator Relative Strength Index (14) moves within the overbought region.

BTCUSD – 4-Hour Chart

In other words, BTC may take a downward move if the bulls failed to push the price higher, and the coin may breach below the 9-day and 21-day moving averages, which could hit the support at $17,200 and below. Nevertheless, if the bulls find a decent resistance level of above $18,000, the king coin may cross above the channel which could hit the resistance level of $19,000 and above.

Dash 2 Trade gives you the ability to optimize your trading and speculative profitability with effective crypto trading recommendations, auto trading, and analytics features. There is a D2T token presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $10 million.

Related

Dash 2 Trade – High Potential Presale

Dash 2 Trade
  • Active Presale Live Now – dash2trade.com
  • Featured in Cointelegraph – $10M Raised
  • KYC Verified & Audited
  • Native Token of Crypto Signals Ecosystem

Dash 2 Trade


Join Our Telegram channel to stay up to date on breaking news coverage

Source: https://insidebitcoins.com/news/bitcoin-price-prediction-for-today-december-14-btc-usd-climbs-above-18k-ready-for-higher-levels