Bitcoin Price Prediction for Today, March 25: BTC/USD Keeps Moving around $27,800 Level ByAzeez MustaphaPRO INVESTOR Updated: 25 March 2023 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 that BTC keeps following the sideways movement as the king coin fails to cross above the channel. Bitcoin Prediction Statistics Data: Bitcoin price now – $27,610 Bitcoin market cap – $531.5 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $33,000, $35,000, $37,000 Support Levels: $23,000, $21,000, $19,000 BTC/USD is bound for a spike in volatility, but there seems to be no room for further losses after experiencing downward pressure. in the past few weeks. BTC/USD is hovering around $27,700 but the king coin has not been able to cross above the upper boundary of the channel. Bitcoin Price Prediction: BTC Price May Consolidate Before the Next Action According to the daily chart, the Bitcoin price might see further sideways price action as additional losses could play out until there is a change in the price movement. However, as the Bitcoin price ranges, the coin could rise and cross the upper boundary of the channel. On that note, the technical indicator Relative Strength Index (14) keeps moving above the 60-level, this could mean that the king coin may be ready for the upside. From above, recovery could be set in bit by bit as the bulls may push the Bitcoin price above the resistance level of $28,000, and a sustainable movement above the channel could allow for an extended recovery in the direction of the potential resistance levels at $33,000, $35,000, and $37,000. On the downside, any bearish movement below the 9-day and 21-day moving averages may cause the Bitcoin price to hit the supports at $23,000, $21,000, and $19,000. BTC/USD Medium-term Trend: Ranging (4H Chart) Looking at the 4-hour chart, the Bitcoin price is hovering below the 9-day and 21-day moving averages. BTC/USD may cross above the moving averages as the market recovers from the bearish momentum. However, if the price is stable above the moving averages, it could locate the resistance level of $32,000 and above. BTCUSD – 4 Hour Chart Moreover, if the bearish movement steps back, the Bitcoin price is likely to cross below the lower boundary of the channel and could touch the support level of $24,000 and below. Nevertheless, the technical indicator Relative Strength Index (14) is likely to slide and face the 40-level to confirm the bearish movement. Alternatives to Bitcoin The Bitcoin price indicates bearish momentum as further upside was rejected overnight and bullish momentum has been lost. On the upside, recovery may not come easy as the support will have to be sort for above the upper boundary of the channel. However, Love Hate Inu ensures you have the chance to voice your opinion and find a supportive community. At the moment, LHINU tokens are still in presale, almost $2m has been raised as time is running out because the price will increase in the next few days, so grab it now. Love Hate Inu - Newest Meme Coin Rating Decentralized Polling - Vote to Earn Doxxed Team - CEO Carl Dawkins Featured in Yahoo Finance, Bitcoinist Mint Memes of Survey Results as NFTs OKX Listing May 19 Learn More Join Our Telegram channel to stay up to date on breaking news coverage