Bitcoin price forecast: BTC / USD to approach $ 34,000 resistance

Bitcoin price forecast-July 11
The price of Bitcoin is just under $ 34,000 amid the fight for the expansion of the rising leg above moving averages.
BTC / USD long-term trend: change in key levels (daily chart) :
Resistance levels: $ 37,500, $ 39,500, $ 41,500
Support levels: $ 30 500, $ 28 500, $26 500
BTCUSD-daily chart Bitcoin buying is now on a steady upward trend a few days ago, as the BTC / USD market price plans to exceed the 9-day and 21-day moving averages. Bitcoin’s price is currently trading near the $ 34,000 resistance as the currency returns to its peak.
Bitcoin Price Forecast: Will Bitcoin Price Rise? A break above $ 34,000 would be mandatory for bitcoin bulls, as this would allow them to reach above $ 35,000, which is always a limit for the currency. Note that the price of Bitcoin fluctuates in the region of 9-day and 21-day moving averages, which may soon bring strong bullish signals to the market. But if the price falls below the 9-day and 21-day moving averages, the $ 35,000 level could be key territory to follow. Once the Bulls reverse this level of support, the next big support for the world’s leading cryptocurrency could be $ 30, 500, $ 28, 500 and $26, 500.
As the price of Bitcoin begins to fluctuate around the $ 33,934 level, there are two important price levels to look out for. The $ 30,000 base support and the $ 35,000 top resistance will help determine where prices will go next if potential resistance levels are included at$ 37,500, $ 39,500 and $ 41,500. By the way, the Relative Strength Index of the technical indicator (14), the signal line suggests lateral movement if it moves above the level.
BTC / USD medium-term trend: change (4-hour chart) looking at the 4-hour chart, the bitcoin price should remain above the 9-day and 21-day moving averages to ease short-term upward pressure and provide a significant recovery of up to $ 34,000.  Also, higher resistance

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