Bitcoin Price Prediction: BTC Could Aim at $27,000 if Bulls Remain in Control

Bullet Points:
– Bitcoin’s price is currently trading at $20,808 with a 4.38% gain since the beginning of today’s trading.
– The Bitcoin price prediction suggests a potential break above the upper boundary of the channel to hit the resistance level of $22,000.
– If successful, BTC/USD could aim at the resistance levels of $23,000, $25,000, and $27,000 respectively.

The Bitcoin price is currently trading at $20,808 at the time of writing, with a 4.38% gain since the start of today’s trading. The digital currency has seen an impressive rally over the past few days, and the Bitcoin price prediction suggests a potential break above the upper boundary of the channel to hit the resistance level of $22,000.

Technical analysis reveals that the Relative Strength Index (14) is hovering around the level of 63.47, which suggests that the market is in the bullish momentum. The price is currently trading above the 20-day Exponential Moving Average (EMA 20) and 50-day Simple Moving Average (SMA 50), indicating a strong bullish trend. Moreover, the Moving Average Convergence Divergence (MACD) is currently in the bullish zone, indicating a possible surge in the price of Bitcoin.

If the bulls remain in control and the price of Bitcoin breaks above the resistance level of $22,000, it could aim at the resistance levels of $23,000, $25,000, and $27,000 respectively. On the other hand, if the price of Bitcoin drops below the support level of $20,000, it could face the lower boundary of the channel.

In conclusion, Bitcoin’s price is currently trading at a crucial level and could potentially break above the resistance level of $22,000. Technical indicators are currently in the bullish zone, suggesting that the price could surge in the upcoming days. However, it is important to note that the price of Bitcoin is highly volatile and traders should use proper risk management tools before entering into any trades.