• Bitcoin is currently consolidating and is preparing for a move above the resistance level of $21,000.
• Technical indicator Relative Strength Index (14) is currently in the overbought region.
• If Bitcoin (BTC) can break above the channel, it may reach the next resistance level of $23,000.

The Bitcoin price prediction is currently consolidating and seems to be preparing for the next move above the resistance level of $21,000. Bitcoin (BTC) is currently hovering at $20,869, and the current consolidation pattern is keeping the king coin above the 9-day and 21-day moving averages. However, the technical indicator Relative Strength Index (14) is showing that the market is in the overbought region. This could mean that if Bitcoin (BTC) is able to break above the channel, it may reach the next resistance level of $23,000.

The current support levels for Bitcoin (BTC) lie at $19,500, $19,000, $17,000, and $15,000. If the king coin is able to break above the resistance level of $21,000, it may be able to reach the $23,000 level. This would be a significant move for the cryptocurrency, as it would be the highest level it has reached since November 2020.

The crypto market has been in a state of flux for the past few months, with Bitcoin (BTC) experiencing a lot of volatility. However, with the current consolidation pattern, it appears that the king coin may be preparing for a bullish break. If Bitcoin (BTC) is able to break above the resistance level of $21,000, it could be on its way to reaching the next resistance level of $23,000.

Overall, the Bitcoin price prediction is currently looking positive. If Bitcoin (BTC) can break above the resistance level of $21,000, it may be able to reach the next resistance level of $23,000. However, investors should be aware that the crypto market is very volatile, and the price of Bitcoin (BTC) could change at any time. Therefore, investors should always do their own research before investing in any cryptocurrency.