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Bitcoin Price Prediction for Today, July 31: BTC Moves to Cross Above $24,000

The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move towards the $25,000 level.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $23,909
  • Bitcoin market cap – $456.1 billion
  • Bitcoin circulating supply – 19.1 million
  • Bitcoin total supply – 19.1 million
  • Bitcoin Coinmarketcap ranking – #1

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

Key levels:

Resistance Levels: $32,000, $34,000, $36,000

Support Levels: $18,000, $16,000, $14,000

BTC/USD is at the moment trading at $23,909 with a 1.10% gain. Looking at the daily chart, the Bitcoin price could struggle to stay above the upper boundary of the channel. More so, for BTC/USD to remain above this barrier, it could make many traders feel that the $23,000 support level could be pretty strong.

Bitcoin Price Prediction: Would BTC Price Break Higher

The Bitcoin price could not drop much cause of today’s trading, but if the first digital coin breaks below the support level of $23,000, it could change the direction of the coin to face the lower boundary of the channel. Alternatively, Bitcoin (BTC) may reclaim the previous resistance level of $24,000 to head to the upside. If successful, BTC/USD could aim at the resistance levels of $32,000, $34,000, and $36,000 respectively.

Nevertheless, the technical indicator Relative Strength Index (14) is moving around the 60-level as the coin may consolidate around this level. Moreover, this could mean that there may still be a room that could be explored by the bears if it crosses below this level. Therefore, the support levels of $18,000, $16,000, and $14,000 may play out.

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

On the 4-hour chart, the technical indicator Relative Strength Index (14) is now recovering towards the 60-level, and this may confirm the bullish movement if it crosses above it. Meanwhile, adding to the above, there is a little bit of bullish divergence on the RSI (14) as the coin prepares to cross above the 9-day and 21-day moving averages to continue the bullish movement.

BTCUSD – 4-Hour Chart

However, if the Bitcoin price heads toward the lower boundary of the channel, the market price may likely reach support at $22,000 and below. Meanwhile, if the current market value rises and crosses above the moving averages, it may reach the resistance level at $26,000 and above.

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Chillz Price Forecast for 14TH of August: Bulls Are on in CHZ/USD Market

Chiliz soars up to $0.187875; it is its all-time-high in two months. CHZ/USD has been able to rise from $0.16139916 to where it is now within 24 hours. Apart from today’s strong bullish move, the general chart outlook from 26th July till date is that of an uptrend. The Bullish trend started from the resistance::Listen

Chiliz soars up to $0.187875; it is its all-time-high in two months. CHZ/USD has been able to rise from $0.16139916 to where it is now within 24 hours. Apart from today’s strong bullish move, the general chart outlook from 26th July till date is that of an uptrend. The Bullish trend started from the resistance level of $0.10080764.

CHZUSD Price Informations

  • CHZUSD Price now :- $0.187875
  • CHZUSD Marketcap :-$1,087,541,831
  • CHZUSD Total Supply :- $6.00 Billion
  • CHZUSD Coinmarket rank: – #50

Resistance Levels: – $0.11718373, $0.1491170, $0.187875
Support Levels: – $0.16139916, $0.12250595, $0.10080764

Chillz Price Forecast for 14TH of August: Bulls Are on in CHZ/USD Market

 What Indicators From the CHZ/USD Daily Chart Say

The Relative Price Index and the Moving Average Convergence and Divergence are united to confirm the bullish behavior CHZ/USD market. However, as the RSI indicator crosses the overbought region the fear is that the price may experience a brief reversal of the trend. The histogram of the MACD shows price activities in the positive region. Although the bullish histogram is not strong, more buyers can come into the market, the price can keep advancing.

 

Chillz Price Forecast for 14TH of August: Bulls Are on in CHZ/USD Market

Price Prediction for CHZ/USD

The bullish candlesticks of the CHZ/USD 4-hour chart confirm that the price of Chiliz may soon reach $0.2000000. However, as the RSI indicator corrects itself from the overbought region, the signal line rises steadily.

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More buyers are needed to push the price to this expected price level. The performance of the coin should create the motivation that will bring more buyers into the market.

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Bitcoin Price Prediction for Today, July 31: BTC Moves to Cross Above $24,000

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