Bitcoin (BTC) Price Prediction for July 26
Main Idea
Bitcoin (BTC) is currently experiencing sideways trading with low volume, and analysts predict it may continue within the range of $116,000-$120,000 in the near term.
Key Points
1. Bitcoin (BTC) price increased by 2.14% over the last day, with a local resistance level observed at $118,270 on the hourly chart.
2. The daily ATR suggests that sharp price movements are unlikely in the short term, with neither buyers nor sellers dominating the market.
3. Trading volume remains low, indicating a lack of significant bullish or bearish momentum.
4. Analysts predict sideways trading in the range of $116,000-$120,000 in the coming days.
5. Bitcoin is currently trading at $117,954 at the time of reporting.
Description
How long can sideways trading of Bitcoin (BTC) last?
$BTC
$118147.9
+0.64%
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