Bitcoin Price Forecast: BTC / USD Still Trading Above 60,000 USD, Price Low to 56,478 USD

Bitcoin Price Prediction (BTC) – April 4, Bitcoin continues to not exceed $ 60,000 and the latest rejection pushes the asset to a daily low of $ 56,500. Long Term BTC / USD Trend: Bullish (Daily Chart) Key Levels: Resistance Levels: $ 62,000, $ 64,000, $ 66,000 Support Levels: $ 53,000, $ 51,000, $ 49,000 BTCUSD – Daily Chart by Daily Chart, BTC / USD corrections 60,000 Unless there is a gain of $ 56,500 and a close below $ 56,500, it will likely start higher higher. Last week, Bitcoin's price consistently rose above the $ 58,000 resistance level. Later, BTC / USD broke the $ 58,000 resistance and moved above the 9 and 21-day moving averages. A value higher than $ 60,060 occurred, but the price started falling again yesterday. What to expect from Bitcoin BTC / USD is seen as a return and trade around the moving averages, and the market price remains below the daily high $ 58,500 resistance as a sign of bullish momentum. Further increase in bullish momentum may need to push the price above this level; Another resistance could rise up to $ 60,000 before reaching potential resistance at $ 62,000, $ 64,000 and $ 66,000. However, if the $ 57,500 resistance level fails, the price could reverse and see the support level at $ 55,000, with further increases in bearish pressure push the price towards the 21-day moving average. and presumably $ 53,000 of critical media affected. . $ 51,000 and $ 49,000. In the meantime, if the signal line of the RSI technical indicator (14) goes above the 55 level and goes below it, it can trigger the sell signals in the market. Medium Term BTC / USD Trend: Variable (4H chart) On the 4-hour chart, the fast-moving 9-day MA stays below the slow-moving 21-day MA; The market price is trading below the two moving averages as a sign of bearish momentum. However, if the current market value of the $ 58,000 level holds, the bears could put pressure to break the key support level and Read more

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