Bitcoin price has been trading sideways, struggling to break past its immediate resistance level. Over the last 24 hours, Bitcoin fell by 1%, confirming sideways trading. In the last week, BTC has barely made any progress with its price. If the coin continues to stick around the same price level, it could soon be a free fall for the asset. The technical outlook points towards the weakness in buying power. Demand for the coin remains low as the asset fails to move up north. A fall from this price zone could even bring the Bitcoin price to as low as $18,000. At the moment, the $18,900 price level remains strong support for the coin. If the coin reaches the $18,000 support line, the next level stands at $17,400. Depreciation from the $17,000 level can even drag the price of the asset to $16,000. A push above the $20,000 mark could invalidate the bears for sometime, but demand for BTC has to shoot up over the immediate trading sessions. Bitcoin Price Analysis: One-Day Chart BTC was trading at $19,200 at the time of writing. The coin has been rejected from the $19,600 price level in the past trading sessions. The immediate resistance mark is at $19,400, a move above that can push BTC to $19,600. For the bulls to take action, BTC has to topple above the $20,000 price level. On the flip side, the coin’s support line was at $18,900. If the bears remain in control, the next stop would be at $18,000. Following $18,000, a further f...
