Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price prediction shows btc gaining 4.04% as bulls continue to work hard to foster an uptrend from the opening price.
bitcoin Prediction Statistical Data:
- bitcoin Price Now – $41,602
- bitcoin market cap: $815 billion
- bitcoin circulating supply: 19.5 million
- Total bitcoin supply: 19.5 million
- bitcoin CoinMarketCap Ranking – #1
btc/USD Long-Term Trend: Bullish (Daily Chart)
Key levels:
Resistance levels: $46,000, $48,000, $50,000
Support levels: $36,000, $34,000, $32,000
btc/USD is trading at the $41,602 resistance level above the 9-day and 21-day moving averages after the king coin touched the daily high of $42,203. Since the last few days the price of bitcoin has been heading north, and in the context of this; An upward move towards the resistance level of $44,000 is expected.
bitcoin Price Prediction: Will btc Break Out of the $45,000 Level?
If bitcoin price can continue the upward movement above the 9-day and 21-day moving averages, the market price is likely to touch the $45,000 resistance level. However, the purpose of this move is to provide a resistance level that is above the upper boundary of the channel while the 9-day moving average remains above the 21-day moving average.
Looking at the daily chart, btc/USD may see a quick pullback or sell-off in case it touches the $39,000 support level, but if not; Traders may see additional resistance at the $46,000, $48,000, and $50,000 levels. On the downside, if the market decides to decline, bitcoin price could fall below the 21-day moving average, and if that barrier fails to contain the sell-off, btc/USD could see a further decline towards support levels of $36,000. , $34,000 and $32,000.
btc/USD Medium-Term Trend: Range (4H Chart)
On the 4-hour chart, traders expect bitcoin price to regain lost momentum and could trade above $42,000. On the contrary, if the selling pressure still exists and the king coin fails to cross above the upper boundary of the channel, sliding below the moving averages could reach $39,500 and below may come into play.
However, as long as buyers keep the price above the 9-day and 21-day moving averages, traders can expect a strong bullish move that could reach the resistance of $43,500 and higher. Meanwhile, the 9-day moving average remains above the 21-day moving average, suggesting that more bullish signals may come into play.
bitcoin Alternatives
The current market scenario sees bitcoin on a bullish trajectory, with potential for further bullish momentum. If this trend persists, bitcoin may go through a phase of bullish momentum, setting its sights on the initial resistance at $43,000 before advancing towards the next barrier at $44,000. Meanwhile, to fuel further bullish movement, the coin must break above the upper boundary of the channel. By doing so, bitcoin could unlock even greater potential for upward mobility.
However, discover the future of cryptocurrencies with $BTCMTX, a revolutionary token that could challenge bitcoin's supremacy. With more than $4.7 million in the pre-sale stage, $BTCMTX is making waves in the market. While bitcoin remains a stalwart, $BTCMTX offers a new perspective and the opportunity to be part of the evolution of decentralized finance. Don't miss this opportunity to diversify your portfolio and join the rising star in the crypto space – $BTCMTX is paving the way for the next era of digital currencies.
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
Join our Telegram channel to stay up to date on breaking news coverage
