Bitcoin Price Prediction: BTC Trading Around Resistance Level $22,786

• The Bitcoin price prediction shows that BTC is trading around the resistance level of $22,786 with further upward movement likely.
• If the bulls fail to hold the price above the key support level at $22,500, BTC could fall back to the major support levels of $19,000, $18,000, and $17,000.
• The Relative Strength Index (14) is still within the overbought region, suggesting sideways movement.

The cryptocurrency market has been quite volatile in the last few weeks, with the Bitcoin price prediction showing a range-bound pattern. Currently, BTC is trading around the resistance level of $22,786, with further upward movement likely.

The king coin has been making higher highs and higher lows, with the last high of $22,979 reached during the European session today. However, the price has since dropped from the daily high and is hovering at $22,786 at the time of writing.

If the bulls fail to hold the price above the key support level at $22,500, BTC could fall back to the major support levels of $19,000, $18,000, and $17,000. The technical indicator Relative Strength Index (14) is still within the overbought region, suggesting sideways movement.

On the upside, if the bulls can push the price beyond the $23,000 level, BTC could be on its way to the next resistance levels of $26,000, $27,000, and $28,000. With the current bullish trend, it is possible that Bitcoin could rise to $24,000 in the near future.

In terms of market capitalization, Bitcoin currently has a market cap of $436.8 billion with a circulating supply of 19.2 million. It is also ranked #1 on Coinmarketcap.

Overall, it appears that Bitcoin will remain range-bound in the short-term, with potential for a recovery to $24,000 resistance if the bulls can make a strong push. However, any significant pullback could see the king coin drop to the major support levels of $19,000, $18,000, and $17,000.