Bitcoin Price Prediction – March 21
The Bitcoin worth prediction follows the bearish motion as the value drops beneath the resistance degree of $41,578.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $47,000, $49,000, $51,000
Support Levels: $36,000, $34,000, $32,000
BTC/USD is experiencing one other sell-off as we speak because the market worth slides beneath the opening worth of $41,287. The king coin is seen falling and heading in direction of the help degree of $40,000, however a reversal might come to play for the primary digital asset, which can ship it above the each day excessive of $41,578 degree.
Bitcoin Price Prediction: Bitcoin (BTC) May Hit $45k Resistance
At the time of writing, the Bitcoin worth motion is ranging because the technical indicator Relative Strength Index (14) might proceed to transfer sideways. This may imply that there is nonetheless room for the coin to resolve on the subsequent course. Therefore, BTC/USD might observe the downtrend if the market worth crosses beneath the 9-day and 21-day transferring averages.
However, from the upside, restoration might not come now however any try to rebound in direction of the higher boundary of the channel, the king coin might negate the bearish state of affairs and permit for an prolonged restoration in direction of the resistance ranges of $47,000, $49,000, and $51,000. However, any bearish motion might power the Bitcoin worth to the help ranges of $36,000, $34,000, and $32,000.
BTC/USD Medium-Term Trend: Ranging (4H Chart)
On the 4-hour chart, the Bitcoin worth slide beneath the 9-day and 21-day transferring averages. The chart reveals that the coin might not survive the $41,000 help because the market prepares for extra downtrend if it strikes towards the decrease boundary of the channel. But, quite the opposite, the Bitcoin worth is seemingly to return to the bull market if the 9-day MA crosses above the 21-day MA which may push the coin to the resistance degree of $43,000 and above.
Moreover, if the value faces the south, the help degree of $40,500 is probably not in a position to maintain the promoting strain because the technical indicator Relative Strength Index (14) might cross beneath 50-level. Therefore, the king coin is seemingly to contact the essential help at $40,000 and beneath.
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