Bitcoin price continues to remain under the $21,000 price mark as the bulls have lost force over the last 24 hours. In the past day, the coin lost 1.3% of its value.<\/p>\n
Bitcoin price is consolidated under the tough resistance of $21,000. If BTC keeps maintaining a sideways movement, then the bulls could lose further steam and drop to the nearest support line.<\/p>\n
The technical outlook of the coin remains positive on the one-day chart. The demand for the coin slipped slightly. However, it remains positive at the time of writing.<\/p>\n
Buying strength was also optimistic for BTC on the 24-hour chart. If demand accumulates slightly, then BTC might attempt to revisit the $21,000 level.<\/p>\n
A move above the $21,000 level will pave the way for a clear move to $22,000. The next levels that BTC might trade are between $28,000 and $22,000.<\/p>\n
If BTC picks up the pace, then the coin can also revisit the $22,000 mark. Buyers need to remain confident that Bitcoin bulls will be able to move north over the next trading sessions.<\/p>\n
Bitcoin was priced at $20,600 on the one-day chart | Source: BTCUSD on TradingView<\/a><\/p>\n BTC was trading at $20,600 at the time of writing. The coin has been trading laterally over the last few trading sessions.<\/p>\n It is important that Bitcoin price doesn\u2019t lose its current support as that would pull the price of the asset down, causing the bears to gain strength.<\/p>\n If Bitcoin has to maintain its bullish momentum, the coin has to move past the $20,800 price level.<\/p>\n Moving above that level will help Bitcoin reach $21,000, crossing $21,600, which could prove to be another major resistance point, and can propel the coin to $22,000.<\/p>\n Losing bullish momentum will drag BTC down to $20,300 and then to $19,600.<\/p>\n In the last trading session, the amount of Bitcoin traded fell slightly, indicating that buying strength dropped slightly.<\/p>\n Bitcoin displayed positive buying pressure on the one-day chart | Source: BTCUSD on TradingView<\/a><\/p>\n The altcoin has continued to display positive buying strength on the one-day chart. Buying strength for the coin has remained on the upside for most of this month.<\/p>\n The Relative Strength Index was still above the 60-mark despite a downtick. This meant that the coin was registering more buyers than sellers at the time of writing.<\/p>\n Bitcoin price was above the 20-SMA line was also an indication that demand for the coin had been positive and that buyers were driving the price momentum in the market.<\/p>\n Bitcoin registered buy signal on the one-day chart | Source: BTCUSD on TradingView<\/a><\/p>\n BTC was displaying bullish signals as demand for the coin has remained consistently positive. The Moving Average Convergence Divergence indicates the price momentum and the overall direction of the coin.<\/p>\n MACD formed green signal bars, which were increasing in size, and they were the buy signal for the coin. Parabolic SAR measures the strength of the price trend.<\/p>\n The dotted lines were below the price candlestick, which meant that the price was on an uptrend.<\/p>\n Featured Image From Unsplash, Charts From TradingView<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin price continues to remain under the $21,000 price mark as the bulls have lost force over the last 24 hours. In the past day, the coin lost 1.3% of its value.<\/p>\n Bitcoin price is consolidated under the tough resistance of $21,000. If BTC keeps maintaining a sideways movement, then the bulls could lose further steam and drop to the nearest support line.<\/p>\n The technical outlook of the coin remains positive on the one-day chart. The demand for the coin slipped slightly. However, it remains positive at the time of writing.<\/p>\n Buying strength was also optimistic for BTC on the 24-hour chart. If demand accumulates slightly, then BTC might attempt to revisit the $21,000 level.<\/p>\n A move above the $21,000 level will pave the way for a clear move to $22,000. The next levels that BTC might trade are between $28,000 and $22,000.<\/p>\n If BTC picks up the pace, then the coin can also revisit the $22,000 mark. Buyers need to remain confident that Bitcoin bulls will be able to move north over the next trading sessions.<\/p>\n Bitcoin was priced at $20,600 on the one-day chart | Source: BTCUSD on TradingView<\/a><\/p>\n BTC was trading at $20,600 at the time of writing. The coin has been trading laterally over the last few trading sessions.<\/p>\n It is important that Bitcoin price doesn\u2019t lose its current support as that would pull the price of the asset down, causing the bears to gain strength.<\/p>\n If Bitcoin has to maintain its bullish momentum, the coin has to move past the $20,800 price level.<\/p>\n Moving above that level will help Bitcoin reach $21,000, crossing $21,600, which could prove to be another major resistance point, and can propel the coin to $22,000.<\/p>\n Losing bullish momentum will drag BTC down to $20,300 and then to $19,600.<\/p>\n In the last trading session, the amount of Bitcoin traded fell slightly, indicating that buying strength dropped slightly.<\/p>\n Bitcoin displayed positive buying pressure on the one-day chart | Source: BTCUSD on TradingView<\/a><\/p>\n The altcoin has continued to display positive buying strength on the one-day chart. Buying strength for the coin has remained on the upside for most of this month.<\/p>\n The Relative Strength Index was still above the 60-mark despite a downtick. This meant that the coin was registering more buyers than sellers at the time of writing.<\/p>\n Bitcoin price was above the 20-SMA line was also an indication that demand for the coin had been positive and that buyers were driving the price momentum in the market.<\/p>\n Bitcoin registered buy signal on the one-day chart | Source: BTCUSD on TradingView<\/a><\/p>\n BTC was displaying bullish signals as demand for the coin has remained consistently positive. The Moving Average Convergence Divergence indicates the price momentum and the overall direction of the coin.<\/p>\n MACD formed green signal bars, which were increasing in size, and they were the buy signal for the coin. Parabolic SAR measures the strength of the price trend.<\/p>\n The dotted lines were below the price candlestick, which meant that the price was on an uptrend.<\/p>\nTechnical Analysis<\/h2>\n
Bitcoin Price Analysis: One-Day Chart<\/h2>\n
Technical Analysis<\/h2>\n