Bitcoin Price Prediction – March 25
The Bitcoin price prediction trades slightly above the $44,000 as the coin needs to climb above $45k to keep the bullish movement.
Track live crypto price of 10000+ coins!
BTC/USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $48,000, $50,000, $52,000
Support Levels: $40,000, $38,000, $36,000
BTC/USD is likely to stay above $44,000 as the bulls may struggle to push the coin towards the upper boundary of the channel. However, for the Bitcoin price to remain above this level, the bulls need to make the $45,000 support level to be strong.
Bitcoin Price Prediction: BTC/USD May Continue to Move Higher
The Bitcoin price is yet to cross above the channel as the king coin may be settling in a tight range between $44,000 and $46,000 above the 9-day and 21-day moving averages. In addition, this current session is seeing Bitcoin and other major cryptos exchanging in a good tone. Meanwhile, the Bitcoin price and the daily candle are trading at $44,181. The next resistance levels may be located at $48,000, $50,000, and $52,000.
However, if the Bitcoin price failed to follow the bullish movement; traders may see a price cut towards the 9-day and 21-day moving averages at $42,000 vital support. Therefore, a further low drive could send the price to $40,000, $38,000, and $36,000 supports. For now, the Relative Strength Index (14) is moving above 60-level, suggesting a bullish signal into the market.
BTC/USD Medium-Term Trend: Bullish (4H Chart)
Looking at the chart, BTC/USD is hovering above the 9-day and 21-day moving averages. A successful close above this barrier is a must for bullish acceleration. If not, there is a risk of a downside extension below the $43,500 support. If there is a downward move, initial support is near the $43,000 level and the main support is near the $42,000 level, below which there is a risk of another decline towards the lower boundary of the channel.
However, if the bulls push the coin above the channel, the $45,000 level is likely to act as a major hurdle in the near term for Bitcoin. So, if there is an upside break above this level, the next stop for the bulls may perhaps be near the $46,000 and above. On the contrary, the Relative Strength Index (14) is below 70-level, which indicates sideways movement.
Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
Download MAXBIT Android App, Your best source of all crypto news!
Share this article: