Search Inside Bitcoins

Bitcoin Price Prediction: BTC/USD Trades Above $43,500

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Bitcoin Price Prediction
Bitcoin Price Prediction

Join Our Telegram channel to stay up to date on breaking news coverage

Bitcoin Price Prediction – September 30

The Bitcoin price prediction is showing stability above $43,000 as traders are waiting for another big move.

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

Key levels:

Resistance Levels: $47,000, $49,000, $51,000

Support Levels: $38,000, $36,000, $34,000

Bitcoin Price Prediction
BTCUSD – Daily Chart

BTC/USD has been ranging between $41,000 and $44,000 for nearly a week after a shortfall from almost $44,366. Meanwhile, if the coin struggles to show a distinctive price movement, traders are generally wary of that movement. In the meantime, many traders expect the price of Bitcoin to recover and see the ongoing consolidation phase as a healthy pullback.

Bitcoin Price Prediction: BTC Price Ready for The Upside

At the moment, the Bitcoin price successfully stays above the $43,000 level and continues to trade above the 9-day moving average but still below the 21-day moving average. Recently, the coin even spiked to touch the daily high of $43,828 during the early trading session as the technical indicator Relative Strength Index (14) trades around 45-level.

At the time of writing, it seems like BTC/USD might stay clear of the gap, with the cryptocurrency trading under its recent resistance level of $45,000. Meanwhile, from a technical perspective, the king-coin has to fight off the first resistance at $46,000 before having a chance to aim at $47,000, $49,000, and $51,000 resistance levels. On the contrary, any bearish movement below the lower boundary of the channel may likely lead to the critical supports at $38,000, $36,000, and $34,000.

BTC/USD Medium – Term Trend: Ranging (4H Chart)

There are several signs that Bitcoin (BTC) is on the verge of a significant upward movement. However, the price action of the last few hours has formed a bullish movement on the 4-hour chart which appears to have erupted with a decent move towards $44,000. Likewise, the Relative Strength Index (14) is noticeably depressing, suggesting that high volatility could come into play.

BTCUSD – 4 Hour Chart

In the meantime, the 9-day moving average attempts to cross above the 21-day moving averages, and additional resistance levels may be reached. However, a move above the $44,000 level with a strong close above it may likely push the Bitcoin price up to the resistance level of $45,000 and above while the support level is located at $42,000 and below.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

67% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Join Our Telegram channel to stay up to date on breaking news coverage

Read next