Bitcoin Price Prediction for Today, October 27: BTC/USD Fails to Break $21,000
The Bitcoin price prediction slumps below the resistance level of $20,878. Further downside momentum may come to play, but $20,000 may likely come out as support. Bitcoin Prediction Statistics Data: Bitcoin price now – $20,590 Bitcoin market cap – $395.8 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $24,000, $25,000, $26,000 Support Levels: $18,000, $17,000, $16,000 BTC/USD range-bounds with the selling pressure seen around the $20,434 level which is stopping it from seeing any major gains. Meanwhile, traders are not surprised by the selling pressure as bears are trying to defend against a break above the upper boundary of the channel. However, until bulls keep the price above this barrier, the Bitcoin price may face a prolonged sideways movement or drop below the current market value. Bitcoi...