Bitcoin Price Prediction – March 19
The Bitcoin value prediction reveals that BTC could escape of the present short-term sample and transfer in the direction of the $45,000 degree.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $46,000, $48,000, $50,000
Support Levels: $38,000, $36,000, $34,000
BTC/USD is at present buying and selling round $41,231 with a 0.65% acquire previously 24-hour. Looking on the day by day chart, the Bitcoin value is struggling to keep above the vital degree of $42,000. More so, for BTC/USD to stay above this degree for the previous few days, it has made many merchants really feel that the $40,000 assist degree could possibly be fairly robust.
Bitcoin Price Prediction: BTC Price May Break Higher
The Bitcoin value touches the day by day low of $41,534 right this moment, if the number-one crypto breaks beneath this degree, it might take a look at the following assist strains across the 9-day transferring common at $40,000 degree. Alternatively, Bitcoin reclaims the earlier resistance degree at $42,000 to head upwards. If profitable, the first cryptocurrency might intention at $46,000, $48,000, and $50,000 resistance ranges.
However, the technical indicator Relative Strength Index (14) is transferring within the vary because the sign line strikes to cross above 60-level. More so, which means that there should be a room that could possibly be explored by the bears if it crosses beneath the transferring averages. Moreover, the vital helps at $38,000, $35,000, and $33,000 could play out.
BTC/USD Medium – Term Trend: Ranging (4H Chart)
From a technical viewpoint, on the 4-hour chart, the technical indicator Relative Strength Index (14) retains transferring above 60-level and this confirms the bullish motion. Meanwhile, including to the above, there is a bit of little bit of bullish divergence on the RSI (14) because the sign line could cross into the overbought area.
However, if the Bitcoin value breaks beneath the 9-day and 21-day transferring averages, the market value could seemingly attain the assist at $40,000 and beneath. Meanwhile, if the present market worth rises and strikes towards the higher boundary of the channel, it might seemingly attain the resistance at $44,000 and above.
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