Bitcoin Price Prediction: BTC/USD Consolidates Ahead Of Potential Rally To $15,000
- Bitcoin price elevated to new yearly highs of $14,100 just before the new month.
- BTC/USD consolidates between $13,600 and $14,000 before an imminent breakout towards $15,000.
Bitcoin price smashed the crucial hurdle at $14,000 on Saturday as it welcomed the new month. A new yearly high was formed at $14,100. The trading in the last 24 hours has been mainly sluggish, with BTC/USD settling above $13,300.
On the upside, $14,000 seems to have established itself as a critical resistance zone. The flagship cryptocurrency is exchanging hands at 413,800 at the time of writing. According to the Bollinger Bands, the sideways price action is likely to continue in the near term. For now, bulls are holding firmly to the BB middle boundary.
On the other hand, the Relative Strength Index (RSI) embraces support at the midline. The gradient of the indicator appears to have reduced, perhaps in anticipation of an upswing in the price as more buyers join the sluggish market.
BTC/USD 4-hour chart
Despite the sideways piece action, buyers are relatively in charge, especially when the gap formed by the 50 Simple Moving Average above the 100-SMA and the 200-SMA in the 4-hour timeframe is considered.
In the event, the crucial hurdle at $14,000 is broken, the bellwether cryptocurrency will shift the focus back to the newly created yearly high and later to $15,000. Therefore, the BB middle layer support must be guarded to guarantee the anticipated upswing.
It is worth mentioning that the bullish outlook will be invalidated if the BB middle boundary support is shattered. Moreover, support at $13,600 is key to continuing the bullish narrative. Otherwise, a drop under the 50 SMA would see Bitcoin plunger to $13,200 or even retest support the 100 SMA anchor at $12,800.
Bitcoin Intraday Levels
Spot rate: $13,800
Relative change: 23
Percentage change: 0.18%
Trend: Sideways
Volatility: Low
- Robert Kiyosaki Calls Bitcoin and Ethereum ‘Real Money,’ Urges Investors to Ditch ‘Fake’ Fiat
- ‘Sell Gold, Buy Bitcoin’: Expert Flags Major Market Bottom Signal
- Ripple Makes ‘Unusual’ $500M Transfer Amid $1 Billion XRP Treasury Plans
- ‘I’m Going Bonkers’: Dave Portnoy Says He’ll Buy XRP Again If It Dips Below This Level
- BitMine’s Tom Lee Calls Dip Golden Opportunity as Trump Sets Meeting With China on U.S. Tariffs
- Solana Price Faces Bearish Pressure — Analyst Notes Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
