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Bitcoin Price Analysis — July 14
As previously projected, Bitcoin suffered another dip to the $19,000 low after breaching the $20,000 level on Monday. The benchmark cryptocurrency managed to put up a fight, rising on the hot US inflation figures yesterday but could not manage a push above the 100 EMA line around $20,500, prompting another leg down.
That said, I expect to see another retest of the $19,000 base before the weekend, where a possible continuation to the mid-$18,000 area could unfold. Overall, bears have $17,000 in sight and could attempt this level in the coming days.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $897.4 billion
Bitcoin Market Capitalization: $384.5 billion
Bitcoin Dominance: 42.7%
Market Rank: #1
That said, I expect to see another retest of the $19,000 base before the weekend, where a possible continuation to the mid-$18,000 area could unfold. Overall, bears have $17,000 in sight and could attempt this level in the coming days.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $897.4 billion
Bitcoin Market Capitalization: $384.5 billion
Bitcoin Dominance: 42.7%
Market Rank: #1
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