Bitcoin (BTC) Price Prediction Reveals That BTC Could Slide to the Downside

The Bitcoin price prediction reveals that BTC could slide to the downside if the coin crosses below the 9-day moving average.

Get ready for some serious crypto action!

We’re tracking Bitcoin closely, and the latest price prediction is showing that BTC could be sliding to the downside if the coin crosses below the 9-day moving average. But before we dive into that, imagine this:

Getting in early on a crypto project can be incredibly rewarding, as seen with Bitcoin (BTC), which has experienced an astronomical rise since its all-time low. On July 14, 2010, BTC was priced at just $0.04865, and today, it’s trading between $83,606.86 and $87,443.27—a staggering +175,057,680.58% increase over 15 years. This remarkable growth highlights the power of early adoption in the crypto space, where long-term holders have seen life-changing returns.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $94,000, $96,000, $98,000

Support Levels: $74,000, $72,000, $70,000

According to the daily chart, BTC/USD is consolidating within the 9-day and 21-day moving averages. The king-coin is trading within a tight range near a key resistance level at $84,400. Meanwhile, the market volume remains low, currently around $12 billion, typical for weekends but still lower than usual compared to previous months.

Low volume usually reduces liquidity, which in turn increases the probability of sharp price movements. However, as BTC is trading near this critical resistance level, the potential for volatility remains high, especially with the upcoming reopening of traditional financial markets.

As the market approaches a crucial decision point, traders are focusing on key technical indicators to determine the next significant price move for Bitcoin.

Bitcoin Price Prediction: Bitcoin Price May Move Sideways

The daily chart shows that the market is still in a descending channel, which bodes poorly for the bulls. The price is currently at $84,389, trading slightly below both the 9-day and 21-day MAs. This positioning suggests that sellers are still dominant, and there isn’t much bullish momentum yet.

If Bitcoin fails to find support at the 21-day MA and continues its downward movement, it may retest the crucial support levels at $74,000, $72,000, and $70,000. These zones could attract buyers who are looking for an opportunity to enter at lower levels.

But if Bitcoin manages to break out of the 9-day and 21-day MAs, it could spark a bullish rally toward the upper boundary of the descending channel. A decisive move above the $94,000, $96,000, and $98,000 resistance levels would indicate a strong shift in trend, leading to further upside potential.

However, the current low trading volume suggests uncertainty among market participants. Traders should keep an eye on the next few daily candlestick formations for confirmation of price direction before taking any major positions.

BTC/USD Medium-term Trend: Bearish (4H Chart)

The 4-hour chart shows that Bitcoin is testing the upper boundary of a descending channel, which is a critical decision point for the market. The price is currently at $84,059, trading slightly above the 21-day MA (green line) at $83,353 and the 9-day MA (red line) at $83,987. This slight bullish crossover signals a possible breakout attempt.

If buyers manage to push the price above the channel’s resistance, Bitcoin could rally toward the $90,000 resistance level. A strong break above this level would invalidate the current bearish trend, setting the stage for further gains toward $92,000 and $94,000.

However, if Bitcoin fails to sustain momentum above the channel’s upper boundary, a rejection could push the price back into the descending pattern. In this case, the $80,000 and $78,000 support levels would be critical for preventing further downside. A break below these levels could lead to increased selling pressure, potentially driving Bitcoin toward $76,000 or lower.

Given the moderate volume, traders should pay close attention to whether Bitcoin secures a breakout or faces rejection, as this factor will determine the next significant price movement.

Crypto analyst @CryptoCaesarTA shares on X (Formerly Twitter) that Bitcoin is preparing for its final rally of this cycle, signaling that the run isn