Bitcoin Price

Apr 14 2021

Bitcoin Price Prediction: BTC/USD Trades Above $62,500 Resistance After A Sharp Sell-off

Bitcoin (BTC) Price Prediction – April 14

The daily chart reveals that Bitcoin (BTC) bulls still remain in control as the price heads toward a $63,000 resistance level.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $69,000, $71,000, $73,000

Support Levels: $57,000, $55,000, $53,000

After trading close to the $61,000 support level, BTC/USD is seen following a bullish sentiment as the market price hits the daily high at $64,896 resistance. At the moment, the BTC price is trading around $62,632. However, bulls are gaining control of the market. It is important to realize that the market is still ready for further upside near to mid-term because the gap has not been filled.

Despite the Recent Selloff, BTC/USD Remains Above $62,000

At the moment, the buyers appeared to be gaining control of the market, if the bulls can manage to break above the upper boundary of the channel, the next buying pressure can be expected at $69,000, $71,000, and perhaps $73,000 resistance as the market is currently testing below the 70-level of the daily RSI (14). Meanwhile, a bounce below the moving averages could send the market to $57,000, $55,000, and $53,000 supports.

BTC/USD Medium-Term Trend: Bullish (4H Chart)

On the 4-hour chart, a retest of $62,700 gives the impression that bulls are not yet done. The Bitcoin price rises to fill a significant gap as the bulls remained in control which may take the coin towards the $64,000. In a short time, BTC/USD may hit $63,000 if the bullish pressure continues. Otherwise, the price may plummet to $60,000 and below.

On the upside, a bullish move may continue to meet resistance at around $64,500 and above. As of now, the 4-hours RSI (14) is coming out of the negative zone, now turning upward. This could mean that BTC/USD trading is looking for another close resistance. Meanwhile, a significant cross below the 50-level may send the market in a bearish scenario.

Bitcoin Price Prediction: BTC/USD Trades Above $62,500 Resistance After A Sharp Sell-off

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Apr 12 2021

Bitcoin Price Prediction: BTC/USD Trades Below $60,000 Level as Downward Correction Lingers

Bitcoin (BTC) Price Prediction – April 12

BTC/USD is seen moving under $60,000 amid the struggle to extend the bullish leg above $61,000.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $64,000, $66,000, $68,000

Support Levels: $56,000, $54,000, $52,000

BTC/USD has been able to touch the daily high of $61,199. Presently, the Bitcoin price is seen trading below the $60,000 level as the coin finds its way back towards the 9-day and 21-day moving averages. Initially, trading above $60,000 has been an uphill battle for the coin, while most of the price actions above $60,000 stalled around this level.

Where is BTC Price Going Next?

According to the daily chart, the break above $62,000 is going to be a big step for bulls as this will allow them to expand their scope above $61,000 which has always been a restriction for the coin. However, Traders should note that BTC/USD is still very much above the moving averages, which could still bring massively bullish signals for the market. But if the price should slump below the moving averages, the $56,500 level could be an important zone to keep an eye on. Once bulls flip this level into support, the next major supports for the world’s leading crypto could be $56,000, $54,000, and $52,000.

Moreover, as the king coin continues to hover around the $60,000 zone, there are two crucial price levels to pay attention to. The underlying support at $59,000 and the overhead resistance at $62,000 will help determine where prices are headed next as the potential resistance levels are located at $64,000, $66,000, and $68,000. Meanwhile, the technical indicator RSI (14) suggests a sideways movement as the signal line moves around 60-level.

BTC/USD Medium-Term Trend: Ranging (4H Chart)

According to the 4-hour chart, BTC/USD needs to remain above the 9-day and 21-day moving averages to mitigate the short-term bullish pressure and allow for an extended recovery towards $60,000. In addition, a higher resistance level may be found at $62,000 and above.

On the other hand, the nearest support is below the moving averages at $59,000, and a critical move below this level may increase the downside pressure to the support level of $58,000 and below. Meanwhile, the technical indicator RSI (14) is staring at the downward movement as the signal line moves below the 56-level.

Bitcoin Price Prediction: BTC/USD Trades Below $60,000 Level as Downward Correction Lingers

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Mar 29 2021

Bitcoin Price Prediction: BTC/USD Resumes Higher; $60,000 Resistance May Play Out

Bitcoin (BTC) Price Prediction – March 29

Bitcoin is on the brink of breaking towards the $60,000 following a momentous rally that has seen it rise to $58,000.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $63,000, $65,000, $67,000

Support Levels: $51,000, $49,000, $47,000

According to the daily chart, BTC/USD breaches $58,000 as the coin trades above the 9-day and 21-day moving averages. The Bitcoin price is likely to revisit the $60,00 distance of forming another new all-time high above the previous high of $61,788, which is quite remarkable.

What to Expect from Bitcoin

After several days of being traded below the moving averages, Bitcoin has been able to clearly break above $57,000 and reach a price per coin of $58,400. The main question is whether it will be able to surpass $58,000 where it may usually find large resistance. Meanwhile, traders are now waiting for a continuation of the bull trend that would help Bitcoin reach new highs.

Moreover, for Bitcoin to would have reached $58,000, this could be the beginning of a new bull run in the crypto space. Meanwhile, as the technical indicator RSI (14) is soaring towards the 60-level, BTC/USD may soon hit the potential resistance levels at $63,000, $65,000, and $67,000 while sliding below the lower boundary of the channel could drag the price to the critical support levels of $51,000, $49,000, and $47,000 respectively.

BTC/USD Medium-term Trend: Bullish (4H Chart)

On the 4-hour chart, BTC/USD is currently trading around $57,363 above the 9-day and 21-day moving averages after a reversal from $54,900 where the market touched today as the price is now moving towards the north.

However, if buyers could strengthen the market, they can further push the price above the channel which could allow the market price to test the $60,000 and above. Meanwhile, the technical indicator RSI (14) is making an attempt to cross below 60-level, but any further movement to the south may drag the price to the support level of $55,000 and below.

Bitcoin Price Prediction: BTC/USD Resumes Higher; $60,000 Resistance May Play Out

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Mar 26 2021

Stock-to-flow creator doesn’t think Bitcoin’s bull market is done

Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however.

“IMO we are only ~4 months into the bull market and nowhere near the end of it,” PlanB tweeted on Friday. “Bitcoin is just getting started,” he added, showing Bitcoin’s current path on one of his Stock-to-Flow charts. Multiple Stock-to-Flow models exist for Bitcoin which show Bitcoin’s price path in line with its halving events and supply over time.

YouTuber and derivatives trader Tone Vays also carries a bullish macro view, although he thinks a dip lower for Bitcoin is not out of the question.

“Bitcoin is consolidating but I remain bullish in this market,” Vays told Cointelegraph. “While it is still possible for bitcoin to make a lower low for the month in the $48k range, I believe we will go up to above $70k before June,” he added.

After trading past $61,000 this month, Bitcoin retraced down near $50,000. For the most part, the drop occurred over roughly two weeks, with some relief bounces mixed in, rather than in a straight, single-day $10,000 shot downward. Based on TradingView data, BTC holds a price of $54,550 at time of publication, looking back on a day of overall upward price action.

Meanwhile, other crypto assets continue to make headlines in the price category as well.

Stock-to-flow creator doesn\’t think Bitcoin\’s bull market is done

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Mar 26 2021

Bitcoin Price Prediction: BTC/USD Embarks on a Recovery as Price Hovers Above $54,000

Bitcoin (BTC) Price Prediction – March 26

BTC/USD is on track for having the first bullish day after several falls as the bulls take the price up from $51,320 to $54,096.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $58,000, $60,000, $62,000

Support Levels: $48,000, $46,000, $44,000

BTC/USD is seen recovering above the previous support turned resistance of $54,000. Today, short-term price action has formed a wedge that has clearly broken to the upside. This has resulted in price levels attempting to continue the uptrend. Buying volume has yet to flood back into the market and will be required in order to sustain any form of a new uptrend.

Where is BTC Price Going Next?

Meanwhile, as long as the 9-day remains above the 21-day moving averages, traders can expect BTC to consolidate at higher levels. That’s if we could see a further climb above the $54,000 which is fast approaching; it may likely reach the resistances at $58,000, $60,000, and $62,000. Nevertheless, the critical support levels are located at $48,000, $46,000, and $44,000 respectively.

Currently, the Bitcoin price follows a dominant bullish bias. A glance at the technical indicator RSI (14) displays a positive picture of the coin in the near-term. Besides, maintaining a gradual upward slope above the 60-level, the technical indicator is increasing as a signal for growing buying entries.

BTC/USD Medium-Term Trend: Bearish (4H Chart)

Looking technically, BTC/USD needs to climb $55,000 above the upper boundary of the channel to mitigate the short-term bearish pressure and allow for an extended recovery towards $56,000. This psychological barrier may closely follow by $57,000 and $59,000 resistance levels.

In contrast, the nearest support is at $53,000, and a sustainable move lower will increase the downside pressure and push the price towards $52,000 and $50,000 support levels. Considering that the RSI (14) on a 4-hour chart is moving to cross above the 50-level, traders might expect more bullish signals into the market.

Bitcoin Price Prediction: BTC/USD Embarks on a Recovery as Price Hovers Above $54,000

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