Bitcoin’s (BTC) price has been moving sideways since encountering resistance around $79,480.
BTC Price Long-Term Prediction: RangingSince April 22, buyers have made three unsuccessful attempts to keep the price above the $80,000 level. Today, the positive momentum was rejected as the largest cryptocurrency resumed its sideways movement above the moving average lines but remained below the $80,000 mark.
Nonetheless, Bitcoin will lose its price level if it falls below the 21-day SMA support. The largest cryptocurrency will test its previous lows of $72,000 and $68,000 if the 21-day SMA is breached. Bitcoin is at $79,725 at the time of writing.
Technical indicatorsKey supply zones: $120,000, $125,000, $130,000
Key demand zones: $80,000, $75,000, $70,000
BTC Price Indicator Analysis 
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.
