Bitcoin Price Prediction for Today April 14: BTC Faces Fresh Support At $39,500 ByAzeez MustaphaPRO INVESTOR Updated: 15 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 The Bitcoin price prediction shows BTC sliding towards the downside as the cryptocurrency touches the $39,573 low. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $45,000, $47,000, $49,000 Support Levels: $36,000, $34,000, $32,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is dropping with another loss of 2.80% today as the cryptocurrency falls beneath the $40,000 support level to reach the daily low at $39,573. However, the daily chart reveals that $40,000 is a very important spot as it is expected to provide strong support for the coin. Bitcoin Price Prediction: Bitcoin Price May Cross Below $39k The Bitcoin price begins to slide below the 9-day and 21-day moving averages at support provided by the trend line of the channel. A breakdown below this could cause the Bitcoin price to create a new low below the $39,000 level. However, a drop below the lower boundary of the channel could be detrimental to Bitcoin as it could lead the first digital asset towards the supports at $36,000, $34,000, and $32,000. Moreover, if the buyers can rebound from the current support level of $39,995, the first level of resistance could lie at $42,000. Above this, further resistance is expected at $43,000. This may likely follow by the potential resistance levels at $45,000, $47,000, and $49,000. Presently, the Relative Strength Index (14) is likely to cross below 40-level, indicating that more bearish signals might come to play. BTC/USD Medium-Term Trend: Bearish (4H Chart) According to the 4-hour chart, the Bitcoin price is hovering at $39,365 trading below the 9-day and 21-day moving averages. However, if the bulls decide to push the market price back above the moving averages, the king coin may likely hit the resistance at $42,000 and above. BTCUSD – 4 Hour Chart Moreover, it now appears that the cryptocurrency is at risk of seeing further downside in the near term, as the multiple attempts to shatter its $40,000 support seem to indicate that bears are building momentum. As the Relative Strength Index (14) remains below 40-level, the Bitcoin (BTC) may locate the critical support at $38,000 and below. 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