Bitcoin (BTC) Price Prediction for July 23
After an early-week bounce toward $118,000, Bitcoin price is back under pressure as sellers reclaim control near the upper bounds of a multi-week range. Bitcoin price today is trading around $116,900, down by 0.5% on the day, struggling to hold higher within a visible descending channel on intraday charts. Traders are watching for signs of volatility expansion as price coils just above key demand.
What’s Happening With Bitcoin’s Price?
BTC price continues to respect the bounds of a descending parallel channel visible on the 2-hour chart, with clear lower highs and lower lows since the $123,000 rejection earlier in July. This structure is compressing price into a narrowing band, with support near $115,500 and resistance stacked around $118,000.
RSI on the 2-hour chart is sitting at 41.49, reflecting fading bullish momentum. The MACD histogram remains flat with a minor bearish crossover, suggesting further indecision in the short term. Price remains trapped inside the midline of the descending channel, highlighting a lack of aggressive trend follow-through by bulls.
The 4-…
The post Bitcoin (BTC) Price Prediction for July 23 appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for July 22
Bitcoin (BTC) Price Prediction for July 23
After an early-week bounce toward $118,000, Bitcoin price is back under pressure as sellers reclaim control near the upper bounds of a multi-week range. Bitcoin price today is trading around $116,900, down by 0.5% on the day, struggling to hold higher within a visible descending channel on intraday charts. Traders are watching for signs of volatility expansion as price coils just above key demand.
What’s Happening With Bitcoin’s Price?
BTC price continues to respect the bounds of a descending parallel channel visible on the 2-hour chart, with clear lower highs and lower lows since the $123,000 rejection earlier in July. This structure is compressing price into a narrowing band, with support near $115,500 and resistance stacked around $118,000.
RSI on the 2-hour chart is sitting at 41.49, reflecting fading bullish momentum. The MACD histogram remains flat with a minor bearish crossover, suggesting further indecision in the short term. Price remains trapped inside the midline of the descending channel, highlighting a lack of aggressive trend follow-through by bulls.
The 4-…
The post Bitcoin (BTC) Price Prediction for July 23 appeared first on Coin Edition.
Read More