Bitcoin Price Prediction: BTC/USD Targets $44,000 Resistance ByAzeez MustaphaPRO INVESTOR Updated: 07 April 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. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Prediction – April 7 The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move towards the $44,000 level. 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 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently trading around $43,650 with a 1.12% gain in the past 24-hour. Looking at the daily chart, the Bitcoin price is struggling to stay above the important level of $43,500. More so, for BTC/USD to remain above this level for the past few days, it has made many traders feel that the $42,000 support level could be pretty strong. Bitcoin Price Prediction: Would BTC Price Break Higher The Bitcoin price touches the daily low of $42,734 today, if the number-one crypto breaks below this level, it could test another support below the 9-day and 21-day moving averages at the $42,000 level. Alternatively, Bitcoin may reclaim the previous resistance level at $44,000 to head upwards. If successful, the primary cryptocurrency could aim at $48,000, $50,000, and $52,000 resistance levels. However, the technical indicator Relative Strength Index (14) is moving averagely as the signal line moves to cross above 50-level. More so, this means that there may still be a room that could be explored by the bears if it crosses below 40-level. Moreover, the critical supports at $40,000, $38,000, and $36,000 may play out. BTC/USD Medium-Term Trend: Ranging (4H Chart) From a technical point of view, on the 4-hour chart, the technical indicator Relative Strength Index (14) is now recovering from the oversold region and this may confirm the bullish movement. Meanwhile, adding to the above, there is a little bit of bullish divergence on the RSI (14) as the signal line may cross above 40-level to continue the bullish movement. BTCUSD – 4 Hour Chart However, if the Bitcoin price breaks below the upper boundary of the channel, the market price may likely reach support at $41,000 and below. Meanwhile, if the current market value rises and crosses above the 21-day moving average it may likely reach the resistance at $46,000 and above. 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 Join Our Telegram channel to stay up to date on breaking news coverage