{"id":3462,"date":"2023-01-30T09:28:19","date_gmt":"2023-01-30T09:28:19","guid":{"rendered":"https:\/\/lydian.io\/?p=3462"},"modified":"2023-01-30T09:28:19","modified_gmt":"2023-01-30T09:28:19","slug":"bitcoin-price-prediction-btc-usd-slumps-below-38000","status":"publish","type":"post","link":"https:\/\/lydian.io\/bitcoin-price-prediction-btc-usd-slumps-below-38000\/","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Slumps Below $38,000","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 19 Second <\/div>\n\n <\/div>

Bitcoin Value Prediction \u2013 July 26<\/h2>\n

The Bitcoin value is down from $42,405 to $37,670 in the previous couple of days as there isn't any fast restoration that appears doable for the coin in the meanwhile.<\/p>\n

BTC\/USD Lengthy-term Pattern: Bearish (Each day Chart)<\/h3>\n

Key ranges:<\/strong>
\nResistance Ranges: $44,000, $46,000 $48,000
\nHelp Ranges: $34,000, $32,000, $30,000<\/p>\n

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BTC\/USD is presently experiencing a setback as the present market motion may not be a everlasting one. The Bitcoin value is prone to have a bullish motion within the brief time period however a value rally may assist the king coin to the touch its every day excessive. At present, Bitcoin is buying and selling round $38,141 stage after a free fall from $39,785 just a few hours again and the coin has proven super volatility up to now few days.<\/p>\n

Bitcoin Value Prediction: Can Bitcoin (BTC) Push Larger?<\/h2>\n

Wanting on the every day chart, for the Bitcoin value to the touch the low of $37,670 at this time, if the worth ought to droop beneath this assist stage, the $36,000 mark might be an essential zone to control. Subsequently, crossing beneath the 21-day shifting common may hit the helps at $34,000, $32,000, and $30,000, making room for BTC to fall even additional.<\/p>\n

Then again, the technical indicator Relative Energy Index (14) for the coin is hovering beneath the 60-level as buying and selling quantity helps the unfavorable facet. Subsequently, if the king coin decides to maneuver the worth above the 9-day shifting common to cross above the higher boundary of the channel; BTC\/USD might even see resistance ranges at $44,000, $46,000, and $48,000. Nonetheless, Bitcoin remains to be anticipated to bounce again above $40,000 with the intention to full the second a part of its correction.<\/p>\n

BTC\/USD Medium-term Pattern: Bearish (4H Chart)<\/h3>\n

A couple of weeks in the past, the Bitcoin value surges upward catapulting its value to the touch the excessive of over $42,000. After this sudden rise, the coin began dropping in value to the place it\u2019s buying and selling presently at $37,984. Subsequently, ought to the market value drops additional; it may attain the closest helps at $36,000, $34,000, and $32,000 respectively.<\/p>\n

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Furthermore, if the bulls push the coin above the 9-day and 21-day shifting averages, the Bitcoin value may hit the closest resistance at $39,000 earlier than heading to the potential resistance ranges of $40,000, $42,000, and $44,000. Extra so, the market is prone to comply with a bearish pattern because the technical indicator Relative Energy Index (14) indicator strikes to cross above 35-level.<\/p>\n

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Bitcoin Value Prediction \u2013 July 26 The Bitcoin value is down from $42,405 to $37,670 in the previous couple of […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":5,"featured_media":3465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"BTC\/USD Slumps Below $38,000 - Lydian.io","_seopress_titles_desc":"The Bitcoin price is down from $42,405 to $37,670 in the last few days as there is no quick recovery that seems possible for the coin at the moment.","_seopress_robots_index":"","footnotes":"","_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[7],"tags":[],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/3462"}],"collection":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/comments?post=3462"}],"version-history":[{"count":2,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/3462\/revisions"}],"predecessor-version":[{"id":31603,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/3462\/revisions\/31603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media\/3465"}],"wp:attachment":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media?parent=3462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/categories?post=3462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/tags?post=3462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}