Bitcoin Price Prediction: BTC/USD Holds Price Above $50,000 ByAzeez MustaphaPRO INVESTOR Updated: 03 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 3 The Bitcoin price is struggling to hold above the $50,000 but overhead selling pressure continues to make this task a difficult one for the bulls. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $55,000, $57,000, $59,000 Support Levels: $45,000, $43,000, $41,000 BTCUSD – Daily Chart Buy Bitcoin Now At the time of writing, BTC/USD is seeking support above $49,000 to avoid extending the bearish leg to $46,000. The 9-day moving average is also a key level in the mission to avert the losses, perhaps reverse the trend for gains heading to $50,500. Alternatively, the BTC bulls need to find acceptance above the intraday highs of $51,064 to refuel the recovery momentum. Bitcoin Price Prediction: Bitcoin Price May Grow Stronger The Bitcoin price is stable above $50,000 as it is currently attempting to keep the upside above the 9-day and 21-day moving averages. Meanwhile, BTC/USD is slowly moving higher towards the $51,000 resistance level. The next key resistance level may be found at 53,000, above which the bulls are likely to hit the potential resistance at $55,000, $57,000, and $59,000 in the near term. On the other hand, if there is no clear break above $51,000, there are chances of a fresh decline. However, if the 9-day MA crosses below the 21-day MA, the coin may stay enter into the negative side and initial support is near the $47,000 level. The main support could then form near the $46,000 support which could cause the king coin to dive towards the supports of $45,000, $43,000, and $41,000 as the technical indicator Relative Strength Index (14) remains above the 60-level. BTC/USD Medium – Term Trend: Ranging (4H Chart) On the 4-hour chart, a retest of $50,200 gives the impression that the bulls are not yet done. The Bitcoin price rises to fill a significant gap as the bulls remained in control which may take the coin towards the $51,000. In a short time, BTC/USD may hit $51,500 if the bullish pressure continues. Otherwise, the price may revisit the supports of $49,000 and below. BTCUSD – 4 Hour Chart On the upside, a bullish move may hit the resistance at $51,500 and above. As of now, the Relative Strength Index (14) is moving below 65-level, this could mean that the BTC/USD trading is looking for another close support. Meanwhile, a significant cross below the 9-day moving average may send the market in a bearish scenario. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 75% of retail investor accounts lose money when trading CFDs with this provider Join Our Telegram channel to stay up to date on breaking news coverage