As of 19:00 on July 18 (UTC), the Bitcoin's global average price reclaims $10,500 with a 24-hour increase of 7.63%. CoinNess.com editors have selected opinions from three crypto analysts.
1. Mehak Punjabi: Bitcoin is likely to have a bullish run until the end of 2019. The coin may reach 15,000 USD by the end of 2019. The next resistance points are 10050.24 USD, 10406.68 USD, and 10850.24 USD. The support levels are 9250.24 USD, 8806.68 USD, and 8450.24 USD. Bitcoin is likely to have a good time in the coming days.
2. Trevor Holman: Both Bitcoin and Ripple have bullish medium-term outlooks. By the end of 2019, Bitcoin and Ripple are likely to reach 15,000 USD and 0.9 USD respectively. BTC faces 1st resistance at 10,050.24 USD, 2nd resistance at 10,406.69 USD, and 3rd resistance at 10,850.24 USD; the price has its 1st support at 9,250.24 USD, 2nd support at 8,806.69 USD, and 3rd support at 8,450.24 USD.
1. Aayush Jindal: Bitcoin price declined heavily and traded below the $10,000 and $9,500 levels against the USD. The price traded close to the $9,100 level and recently started an upside correction. July 17’s highlighted key bearish trend line is still active with resistance near $9,740 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a strong resistance near the $9,900 and $10,000 resistances in the near term.
2. John Isige: Technicals indicate the capacity for higher movements, however, it very unlikely that Bitcoin will break above $11,000 today (July 18 UTC). On the downside, support will be provided by the moving averages starting with the 100 Exponential Moving Average (EMA) and the 100 Simple Moving Average (SMA). Other key support areas to look out for in the near-term are $10,000, the 50 SMA 1-h, $9,500 and $9,000.