Coinidol.com: Bitcoin May Revisit Its Low of $84,000

The Bitcoin (BTC) price fell below the moving average lines, reaching a low of $86,045 before rebounding.

BTC price long-term prediction: bearish  Technical Indicators

Key Resistance Zones: $700, $750, and $800

Key Support Zones: $400, $350, and $300

BTC price indicator analysis 

The price bars remain below the horizontal moving average lines. The 21-day SMA has risen above the 50-day SMA support. The moving average lines on the 4-hour chart are sloping downward. The 21-day SMA is limiting the cryptocurrency's further upward movement. The price bars remain below the 21-day SMA level.

What is the next move for BTC?  

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.