BITCOIN PRICE PREDICTION

Bitcoin’s present price is $27,679, with a $13.5 billion 24-hour trading volume. The price of Bitcoin has dropped by 2.79% over the last 24 hours.

The BTC/USD pair is keeping a small window between $27,600 and $28,900 on Monday while trading in a neutral range. Investors want to break out of this particular trading range, so they are searching for a strong fundamental catalyst.

The next immediate resistance mark for BTC is $28,900, which it could reach if it breaks out above $28,250. On the other hand, BTC’s immediate support is at the $27,600 level.

Important technical indicators, like the RSI and MACD, have fallen below their midpoints (50 and 0, respectively), pointing to an investor selling tendency.