-

Bitcoin Price Prediction for Today April 14: BTC Slides Below $40,000

The Bitcoin value prediction exhibits that BTC falls under the shifting averages, and it could doubtless cross under the channel.

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

Key ranges:

Resistance Levels: $45,500, $47,500, $49,500

Support Levels: $34,500, $32,500, $30,500

Bitcoin Price Prediction
BTCUSD – Daily Chart

The each day chart reveals that BTC/USD is shifting downward throughout the thoughts of crossing under the decrease boundary of the channel. The king coin fails to cross above the $9-day shifting common; it could doubtless see a pointy drop in direction of the decrease boundary of the channel. However, the primary stage of help could also be positioned at $36,000. Beneath this, different helps lie at $34,500, $32,500, and $30,500.

Bitcoin Price Prediction: Bitcoin (BTC) May Head to the South

As the each day chart revealed, the Bitcoin value couldn’t break above the resistance stage at $41,000. Meanwhile, the coin could arrange one other few days of adverse value beneath $39,000. A break above the earlier stage would have set Bitcoin up to retest the $42,000 stage, however the technical indicator Relative Strength Index (14) exhibits that BTC is heading to the south because the sign line crosses under the 40-level.

Nevertheless, merchants can see that the Bitcoin value slumps under the shifting averages to acquire extra downtrends. However, the Bitcoin value touches the each day low of $39,573 however could cross under the channel to verify the bearish motion. However, ought to in case Bitcoin strikes to the upside, the upward motion may find the resistance ranges at $45,500, $47,500, and $49,500.

Cloudbet bonus

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

The 4-hour chart exhibits that the Bitcoin bears are stepping again into the market, pushing the BTC value under its earlier help stage that existed round $40,000. Although the Bitcoin value has not but slipped under $39,000, it’s nonetheless within the loop of creating a bounce again.

BTCUSD – 4 Hour Chart

However, BTC/USD is at the moment shifting under the 9-day and 21-day shifting averages. The upward motion could doubtless push the worth nearest resistance at $42,000 and above whereas the rapid help lies at $38,000 and under. The technical indicator Relative Strength Index (14) is doubtless to transfer in the identical route, suggesting sideways motion.

Looking to purchase or commerce Bitcoin (BTC) now? Invest at eToro!

68% of retail investor accounts lose cash when buying and selling CFDs with this supplier

Read extra:

Latest news

ETH Targets $2100 as Price Sets to Rebound

The Ethereum value prediction exhibits that ETH is trying to break above $2000 for the coin to create further...

BTC Could Hit $32,000 Level

The Bitcoin value prediction exhibits that BTC bounces off the assist at $29,211 because the coin strikes shut to...

Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle

Bitcoin recorded a major optimistic divergence early Monday, following seven days of buying and selling beneath $30,000. The crypto is buying...

Why Bitcoin Price Could Explode Above $30.6K In Near-term

Bitcoin began a recent improve from the $28,500 help zone towards the US Dollar. BTC may rally if there...
- Advertisement -spot_img

Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?

Polkadot (DOT) has held itself for someday on the present worth stage. The constant downslide of main market movers...

Bitcoin Cash Price Prediction for Today, May 22: BCH Poises for Downing

BCH P0ises for downing– May 22The despair weight on the BCH/USD market operations seems not getting a discount by...

Must read

ETH Targets $2100 as Price Sets to Rebound

The Ethereum value prediction exhibits that ETH is trying...

BTC Could Hit $32,000 Level

The Bitcoin value prediction exhibits that BTC bounces off...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you