- Possible resistance at $42,368.7
- Possible support at $40,867.6
- This week’s highest: $42,541.68
- This weeks lowest: $33,881.84
- Last 1 months highest: $42,541.68
- Last 1 months lowest: $29,360.96
There is some resistance at $42,368.7, next resistance sits at $42,637.4, and a strong support level at $40,867.6 and thereafter at $40,326.31
If Bitcoin fails to cross this resistance level, the price might retest the current support levels before going down towards the next support at $40,867.6. If support of $40,867.6 is crossed, Bitcoin price may move down further to $40,326.31 levels. However, If the resistance of $42,368.7 is crossed, the price is likely to move towards the next strong resistance level at $42,637.4.
Newsherder’s BTC/USD Daily Price & Forecast of August 01, 2021, reveals that upward movement from current levels is expected for Bitcoin’s current price with Bitcoin showing bullish signals. BTC price is expected to move up towards the next resistance level of $42,637.4.