{"id":24767,"date":"2023-06-20T00:23:34","date_gmt":"2023-06-20T04:23:34","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/bitcoin-price-prediction-as-btc-starts-forming-bullish-chart-pattern-where-is-the-next-btc-target\/"},"modified":"2023-06-20T00:23:35","modified_gmt":"2023-06-20T04:23:35","slug":"bitcoin-price-prediction-as-btc-starts-forming-bullish-chart-pattern-where-is-the-next-btc-target","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24767","title":{"rendered":"Bitcoin Price Prediction as BTC Starts Forming Bullish Chart Pattern \u2013\u00a0Where is the Next BTC Target?"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) shows promising signs of a bullish trend as it forms a three-white soldiers pattern on the price chart.\u00a0<\/p>\n<p>This pattern, characterized by three consecutive bullish candlesticks, indicates a potential reversal from a downtrend to an uptrend.\u00a0<\/p>\n<p>In addition, BTC has successfully crossed above a downward trendline at $26,400, further strengthening its bullish case.\u00a0<\/p>\n<p>The relative strength index (RSI) and moving average convergence divergence (MACD) indicators are both in the buying zone, suggesting a positive outlook for Bitcoin&#8217;s price.\u00a0<\/p>\n<p>Traders and investors are now eagerly anticipating the next target for BTC as it continues its upward trajectory.<\/p>\n<h2><strong>Bitcoin Price<\/strong><\/h2>\n<p>Bitcoin is currently trading at $26,921, exhibiting a nearly 2% increase over the past 24 hours.\u00a0<\/p>\n<p>With a trading volume of $13.2 billion, BTC continues to hold its position as the top-ranked cryptocurrency on CoinMarketCap.\u00a0<\/p>\n<p>Its live market capitalization stands at $522.4 billion.\u00a0<\/p>\n<p>Currently, 19,407,018 BTC coins are in circulation, out of a maximum supply of 21,000,000 BTC coins.<\/p>\n<h2><strong>Bitcoin Price Prediction\u00a0<\/strong><\/h2>\n<p>Taking a look at the technical side of Bitcoin, the sentiment has shifted from bearish to bullish ever since it bounced off the major support level at $24,750.\u00a0<\/p>\n<p>In the four-hour timeframe, the BTC\/USD pair has formed a bullish pattern called &#8220;Three White Soldiers,&#8221; indicating a continuation of the upward trend.\u00a0<\/p>\n<p>There was a previous resistance of around $36,150, but it has been breached as BTC closed candles above this level.\u00a0<\/p>\n<p>The 50-day exponential moving average is providing support around $26,300.\u00a0<\/p>\n<p>The relative strength index (RSI) and moving average convergence divergence (MACD) are also in the bullish zone, supporting a continuation of the uptrend in BTC.\u00a0<\/p>\n<p>Currently, the immediate resistance is at $27,000, and a break above this level has the potential to push the Bitcoin price toward the next resistance level at $27,400 or $27,700.\u00a0<\/p>\n<p>On the downside, support can be found at around $26,600; below that, $26,200 is likely to act as a strong support level.\u00a0<\/p>\n<p>Let&#8217;s keep an eye on the $37,000 level, as it may act as a pivot point for today.<\/p>\n<h2><strong>Top 15 Cryptocurrencies to Watch in 2023<\/strong><\/h2>\n<p>Stay informed about the latest initial coin offering (ICO) projects and alternative cryptocurrencies by regularly exploring our carefully selected collection of the top 15 digital assets to watch in 2023.<\/p>\n<p>This thoughtfully curated list has been compiled by industry experts from Industry Talk and <i>Cryptonews<\/i>, ensuring that you receive professional recommendations and valuable insights.<\/p>\n<p>Stay ahead of the game and discover the potential of these cryptocurrencies as you navigate the ever-changing world of digital assets.<\/p>\n<h2><strong>Find The Best Price to Buy\/Sell Cryptocurrency<\/strong><\/h2>\n<p><i><sup>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication &#8211; cryptocurrencies are highly volatile investments with considerable risk, always do your own research.<\/sup><\/i><\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-price-prediction-as-btc-starts-forming-bullish-chart-pattern-where-next-btc-target.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) shows promising signs of a bullish trend as it forms a three-white soldiers pattern on the price chart.\u00a0 This pattern, characterized by three consecutive bullish candlesticks, indicates a potential reversal from a downtrend to an uptrend.\u00a0 In addition, BTC has successfully crossed above a downward trendline at $26,400, further strengthening its bullish case.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-24767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction as BTC Starts Forming Bullish Chart Pattern \u2013\u00a0Where is the Next BTC Target? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) shows promising signs of a bullish trend as it forms a three-white soldiers pattern on the price chart.\u00a0This pattern, characterized by three\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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