Bitcoin Price Prediction – March 22
The Bitcoin value prediction shoots above $43,000 because the bulls blow scorching, it has accomplished little to flip the market sentiment at this stage.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $47,000, $49,000, $51,000
Support Levels: $38,000, $36,000, $34,000
BTC/USD is seen following a bullish motion, and it is possible to begin a brand new enhance so long as the 9-day shifting common stays above the 21-day shifting common. At the start of at the moment’s buying and selling, the Bitcoin value sees a gradual enhance above the $42,000 resistance degree because the king coin touches the every day excessive of $43,389. In the subsequent constructive actions, BTC/USD is possible to settle above the higher boundary of the channel.
Bitcoin Price Prediction: BTC Price May Cross Above the Channel
The Bitcoin value is seen retracing and buying and selling above the 9-day and 21-day shifting averages because the market value goals to cross above the higher boundary of the channel. However, any additional enhance within the bullish motion may enhance the value above the channel, and the potential resistance ranges of $47,000, $49,000, and $51,000 could come to focus.
On the opposite, if the resistance degree of $42,000 failed to maintain, it might reverse and face the help degree of $40,000 as an additional enhance within the bears’ strain could carry down the value under the shifting averages, and this might trigger the king coin to hit the helps at $38,000, $36,000, and $34,000. In the meantime, the technical indicator Relative Strength Index (14) strikes to cross above 60-level to enhance the bullish motion.
BTC/USD Medium – Term Trend: Bullish (4H Chart)
As revealed on the 4-hour chart, the Bitcoin value is hovering above the 9-day and 21-day shifting averages at a value worth of $42,636. With the look of issues, the bulls could hold the Bitcoin value above the shifting averages however any bearish cross under this barrier could carry the coin in the direction of the help degree of $41,500 and under.
Moreover, if the Bitcoin value finds an honest resistance degree on the $43,500 degree, the primary digital asset could proceed the bullish motion above the higher boundary of the channel which can possible hit the resistance degree of $44,000 and above. However, the technical indicator Relative Strength Index (14) strikes above 60-level, suggesting extra bullish indicators into the market.
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