Bitcoin Price Prediction: BTC/USD Stabilizes Above $40,000; Can It Go Higher? ByAzeez MustaphaPRO INVESTOR Updated: 17 March 2022 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. Bitcoin Price Prediction – March 16 The Bitcoin price prediction shows that BTC is trading at $41,155 as the coin seems to be preparing for another upward movement. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $46,000, $48,000, $50,000 Support Levels: $36,000, $34,000, $32,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently trading above the 9-day and 21-day moving averages at $41,443 155 preparing to cross above the upper boundary of the channel. Today, the largest digital asset is likely to extend towards the resistance level of $42,000 after touching the daily low of $40,521. Bitcoin Price Prediction: Is $45k Resistance Coming for BTC? As of now, the Bitcoin price is trading above the moving averages as the next resistance levels could be located at $46,000, $48,000, and $50,000. Typically, when the new uptrends are coming to play, traders could see that the 9-day MA is ready to cross above the 21-day MA to gauge the strength of the trend. However, if BTC/USD keeps soaring towards the channel, it could be a sign of sustainability and may likely result in a bullish continuation. Nevertheless, should the BTC price fail to move up; traders may see a price cut below the moving averages, and a further low could bring the price to the support levels of $36,000, $34,000, and $32,000 respectively. Now, the bulls are still defending the $41,000 level. But as it stands, the Bitcoin price may rise as the technical indicator Relative Strength Index (14) stays above 50-level. BTC/USD Medium-Term Trend: Ranging (4H Chart) Looking at the 4-hour chart, the market is following a sideways movement as the bulls are trying to dominate the market by defending the $40,000 level. If not, the support level of $39,000 and below may come into play. BTCUSD – 4 Hour Chart However, if the bulls keep the market above the 9-day and 21-day moving averages, traders may expect a retest at the $42,000 resistance level, and breaking this level may further push the price towards the resistance level of $43,000 and above. Nevertheless, the technical indicator Relative Strength Index (14) is seen moving below 60-level, suggesting bullish movement for the coin. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Bitcoin How to buy Cryptocurrency