Bitcoin Price Prediction: BTC/USD Set to Revisit $21K Level

• Bitcoin price prediction for today is that the BTC/USD is likely to revisit the $21,000 level.
• Bitcoin (BTC) is currently consolidating and may break to the upside above the resistance level of $21,000.
• Support levels lie at $19,000, $17,000, and $15,000.

The Bitcoin price prediction for today is that the BTC/USD is likely to revisit the $21,000 level. Bitcoin (BTC) is currently consolidating and may break to the upside above the resistance level of $21,000. The king coin is seen hovering at $20,869, with the current consolidation pattern, the coin is staying above the 9-day and 21-day moving averages.

The technical indicator Relative Strength Index (14) is currently moving within the overbought region. This indicates that in the next move, BTC could break above the channel as the candle is still yet to close. If Bitcoin (BTC) does break to the upside, the nearest resistance level of $21,000 may be reached.

Meanwhile, if any cross below the moving averages happens, the first level of support may be located at $19,500. Other supports lie at $19,000, $17,000 and $15,000. As of now, the coin is fluctuating around the upper boundary of the channel.

In the past few days, Bitcoin price has seen a few minor corrections and retracements. However, the coin has been able to recover from the bearish pressure and currently trades above the $20,000 level.

Analysts suggest that if the coin manages to break the $21,000 level, then the sky is the limit for Bitcoin (BTC). As of now, the coin is in a consolidation phase and is preparing for the next move. Traders must be extra cautious and must stick to their risk management strategies while trading.