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BTC/USD Is Set To Reclaim $50K High as Bitcoin Battles $48K Resistance

BTC Price Consolidates Below Recent High as Bitcoin Battles $48K Resistance – March 30, 2022

On March 28, BTC/USD  rallied to a brand new excessive of $48,192  as Bitcoin battles $48K resistance. For the previous 48 hours, patrons have been struggling to breach the resistance at $48,000. Bitcoin dangers additional decline as the most important cryptocurrency approaches the overbought area. BTC worth is at degree 69 of the Relative Strength Index for interval 14.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000

Bitcoin (BTC) Price Prediction: BTC/USD Is Set To Reclaim $50K High as Bitcoin Battles $48K Resistance
BTC/USD – Daily Chart

For the previous three days, Bitcoin bulls have been trapped under the $48,000 resistance zone. The market is retesting the historic worth degree of January 2, 2022. On January 2 worth motion, the bulls failed to break the $48,000 resistance degree as the market declined to the low of $33,855 on January 22. Bitcoin has regained bullish momentum as it retests the $48,000 resistance degree. On the upside, if Bitcoin bulls breach the $48,000 resistance, the market will rally above $51,000. However, Bitcoin will face one other resistance at $52,085 excessive. Conversely, if patrons fail to breach the current excessive, Bitcoin will fall and retrace above the breakout degree of $45,400 help.

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Opera is one of many main crypto-friendly web browsers. The firm has introduced the incorporation of eight blockchains to allow it introduce Web3 to greater than 380 million cell and desktop customers worldwide. The Crypto Browser challenge is a Web3-focused initiative for facilitating navigation throughout decentralized purposes (DApp), video games, and metaverse platforms. Opera has added help for eight main blockchain ecosystems, together with Bitcoin (BTCC), Solana (SOL), Polygon (MATIC), StarkEx, Ronin, Celo, Nervous DAO, and IXO. Now Opera customers can entry the Polygon and Solana DApp ecosystems, as nicely as “the benefits of Layer 2 Defi via StarkWare-powered DiversiFi.” In addition, customers can entry Polygon proof-of-stake (POS) blockchain and Ethereum L2 ecosystem by way of StarkEx.

Bitcoin (BTC) Price Prediction: BTC/USD Is Set To Reclaim $50K High as Bitcoin Battles $48K Resistance
BTC/USD – 4 Hour Chart

Meanwhile, Bitcoin’s upward transfer has been restricted under the current excessive as Bitcoin battles $48K resistance. Buyers are but to break the current excessive. The crypto’s worth is fluctuating between $46,750 and $48,000 worth ranges. The uptrend will resume when the current excessive is breached.

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