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BTC/USD Rebounds from $46,544 Support

Bitcoin Price Prediction – March 30

According to the each day chart, the Bitcoin value prediction reveals that BTC is making a come-back after retreating beneath $47,000.

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

Key ranges:

Resistance Levels: $52,000, $54,000, $56,000

Support Levels: $43,000, $41,000, $39,000

Bitcoin Price Prediction
BTCUSD – Daily Chart

At the time of writing, BTC/USD is teetering at $47,474. There have been situations when BTC has exchanged palms above $48,000 sustaining the bullish value motion is an uphill activity. Moreover, the king coin is transferring in direction of the higher boundary of the channel because the king coin stays above the 9-day and 21-day transferring averages.

Bitcoin Price Prediction: Bitcoin May Either Go up or Down

According to the each day chart, if the help stage of $46,500 offers method to the each day chart, even $46,000 will not be held as help. Therefore, after a pit cease on the help highlighted in direction of the 9-day transferring common. According to the technical indicator Relative Strength Index (14), the Bitcoin value prediction is not but prepared for a downward motion.

However, because the king coin strikes to cross above the higher boundary of the channel, any bullish motion above this barrier is possible to find the resistance ranges at $52,000, $54,000, and $56,000. In different phrases, if the market falls sharply to cross beneath the 9-day transferring common, the vital helps will come at $43,000, $41,000, and $39,000 whereas the technical indicator Relative Strength Index (14) strikes into the overbought area.

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

Looking on the 4-hour chart, BTC/USD is transferring sideways beneath the 9-day transferring averages. During the European session right now, the king coin touches the each day excessive at $47,608 earlier than dropping to the place it is presently altering palms at $47,233. On the draw back, merchants can solely make certain of 1 wholesome help at $46,000. Further help could possibly be situated round $45,500 and beneath.

BTCUSD – 4 Hour Chart

Nevertheless, the technical indicator Relative Strength Index (14) is transferring to cross beneath the 60-level. Therefore, the Bitcoin value is not but prepared for the bullish motion however ought to in case the market value crosses above the 9-day MA; additional bullish actions might push the value in direction of the potential resistance stage of $49,000 and above.

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