Bitcoin Price Prediction: BTC/USD Consolidates Below $45,000 ByAzeez MustaphaPRO INVESTOR Updated: 27 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Prediction – September 27 The Bitcoin price continues trading sideways currently at $42,829 after another significant rejection from $44,366. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $48,000, $50,000, $52,000 Support Levels: $39,000, $37,000, $35,000 BTCUSD – Daily Chart Buy Bitcoin Now After several rejections at the $45,000 level, BTC/USD is still flat and trading sideways but has seen a volatile move, peaking at around $44,366 before quickly dropping to $42,734 below the 9-day and 21-day moving averages. Therefore, the daily chart reveals that the Bitcoin (BTC) price is recovering and continues to trade sideways below the moving averages. Bitcoin Price Prediction: Bitcoin (BTC) Could Rally Above 45k According to the daily chart, the Bitcoin price is trading at $42,829 with a loss of 0.81%. However, the prevailing trend is ranging from expanding volatility as the first digital asset continues to consolidate in a bearish flag pattern. Meanwhile, a break above the moving averages is supposed to continue in the direction of the previous trend. In this case, traders expect BTC/USD to rise above $45,000 resistance before moving towards the potential resistance levels at $48,000, $50,000, and $52,000. However, should the Bitcoin price failed to cross above the moving averages; the price could drop below the lower boundary of the channel and could head towards the $40,000 vital support. A further low drive could send the price to $39,000, $37,000, and $35,000 support. Therefore, the technical indicator Relative Strength Index (14) is seen moving sideways, which makes the market to be indecisive at the moment. BTC/USD Medium – Term Trend: Ranging (4H Chart) On the 4-hour chart, we can see that the bears are still controlling the market, trading within the 9-day and 21-day moving averages. Meanwhile, the $41,500 and below may be visited if BTC/USD breaks toward the lower boundary of the channel. BTCUSD – Daily Chart However, if the buyers can push the market to the north, traders may expect a retest at the $44,000 resistance level. Breaking this resistance level may further allow the bulls to hit the $44,500 and above on the upside but the technical indicator Relative Strength Index (14) is moving to cross below 45-level, indicating some bearish signals. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 67% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Bitcoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage