Bitcoin Price Prediction: The price of BTC/USD stays above $44,000

Prediction: The Bitcoin price trades a little above $44,000 because the coin needs to rise above $45k to keep the bullish trend going.

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

Key levels: 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 because the bulls may not be able to push the coin to the top of the channel. However, for the Bitcoin price to stay above this level, the bulls need to make the $45,000 support level strong so that it can hold.

btc daily chart
BTC daily chart

Price Prediction: Bitcoin May Keep Going Up. BTC/USD May Keep Going Up.

This means that the price of bitcoin hasn't crossed above the channel yet. The king coin may be stuck in a range between $44,000 and $46,000 above the 9-day and 21-day moving averages. It's also good to see Bitcoin and other big cryptos trading in a good mood this week, as well. In other words, at this point, the price of Bitcoin and the daily candle are both at $44,181. The next level of resistance might be at $48,000, $50,000, and $52,000.

There are two important things to keep in mind if Bitcoin doesn't go up: the 9-day and 21-day moving averages at $42,000. This means that if the price goes down even more, it could hit $40,000, $38,00, and $36k. For now, the Relative Strength Index (14) is moving above the 60-level, which is a good sign for the market because it means it's going up.

BTC/USD is likely to stay above $44,000 because the bulls may not be able to push the coin to the top of the channel. However, for the Bitcoin price to stay above this level, the bulls need to make the $45,000 support level strong so that it can hold.

Price Prediction: Bitcoin May Keep Going Up. BTC/USD May Keep Going Up.

This means that the price of bitcoin hasn't crossed above the channel yet. The king coin may be stuck in a range between $44,000 and $46,000 above the 9-day and 21-day moving averages. It's also good to see Bitcoin and other big cryptos trading in a good mood this week, as well. In other words, at this point, the price of Bitcoin and the daily candle are both at $44,181. The next level of resistance might be at $48,000, $50,000, and $52,000.

There are two important things to keep in mind if Bitcoin doesn't go up: the 9-day and 21-day moving averages at $42,000. This means that if the price goes down even more, it could hit $40,000, $38,00, and $36k. For now, the Relative Strength Index (14) is moving above the 60-level, which is a good sign for the market because it means it's going up.

btc 4h chart
Source: Tradingview

However, if the bulls push the coin above the channel, the $45,000 level is likely to be a big obstacle for Bitcoin in the near term. Because if the bulls break through this level, the next stop may be around $46,000 and above. Instead, the Relative Strength Index (14) is below the 70-level, which means there isn't much movement.

This week, the price of Bitcoin (BTC) went up 8.5%.

At 0:00 AM E.T. on March 24, Bitcoin (BTC) was up 2.8% against the US dollar in a single day. In the last week, Bitcoin has gone up 8.5% against the US dollar. Bitcoin has a total market value of $834.93 billion. In the last 24 hours, about $31.04 billion worth of Bitcoin was traded on exchanges. On cryptocurrency exchanges, one Bitcoin can be bought for about $43,959.90 right now.

There have been a lot of similar cryptocurrencies that have done well in the last 24 hours:

  • Bitcoin Cash (BCH) traded 2.3% higher against the dollar and now trades at $362.34 or 0.00824245 BTC.
  • Bitcoin SV (BSV) traded 3.8% higher against the dollar and now trades at $92.43 or 0.00210260 BTC.
  • Steem (STEEM) traded up 1.4% against the dollar and now trades at $0.36 or 0.00000828 BTC.
  • Namecoin (NMC) traded 0.4% lower against the dollar and now trades at $2.45 or 0.00005565 BTC.
  • Counterparty (XCP) traded up 0.1% against the dollar and now trades at $10.89 or 0.00024783 BTC.
  • DAOBet (BET) traded flat against the dollar and now trades at $0.0318 or 0.00000056 BTC.
  • Unbound (UNB) traded 5.4% lower against the dollar and now trades at $0.0053 or 0.00000012 BTC.
  • DragonVein (DVC) traded 1.5% lower against the dollar and now trades at $0.0025 or 0.00000006 BTC.
  • SafeBlast (BLAST) traded 3.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Crown (CRW) traded 2.5% lower against the dollar and now trades at $0.0366 or 0.00000083 BTC.
** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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