Bitcoin Price Prediction for Today, March 27: BTC/USD Slumps as Price Targets $26,500 Support ByAzeez MustaphaPRO INVESTOR Updated: 27 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 may continue to fall if the price slide below the 21-day moving average. Bitcoin Prediction Statistics Data: Bitcoin price now – $27,190 Bitcoin market cap – $522.5 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 begins the day with the opening price of $28,097 but after touching the daily high of $28,129, the king coin begins to bleed as the market price crosses below the support level of $27,000 to hit the daily low at $26,670. Bitcoin Price Prediction: Will Bitcoin Price Drop More? Looking at the daily chart, the Bitcoin price is likely to break below the 21-day moving average, which could increase the selling pressure. At the time of writing, BTC/USD is hovering at $27,190 and if this is cleared, the dips to $26,500 are likely to be bought. Moreover, if the price slides below the support level of $26k, another support of $25,000 may likely come into focus while the critical supports could be found at $23,000, $21,000, and $19,000. However, any bullish cross above the upper boundary of the channel could hit the first resistance at $28,500. Once this is done, $29,000 may come likely play out as any further bullish movement may hit the potential resistance levels at $33,000, $35,000, and $37,000 as the Relative Strength Index (14) moves to cross below the 60-level. BTC/USD Medium-term Trend: Ranging (4H Chart) The 4-hour chart shows that the Bitcoin bears are still dragging the coin to the downside. Although BTC/USD is hovering below the 9-day and 21-day moving averages as it has not yet slipped below $26,000 it’s still in the loop of making a bounce back. BTCUSD – 4 Hour Chart Meanwhile, the Bitcoin price may continue to hover below the moving averages, but the bullish movement could push the price to the resistance of $30,000 and above while the immediate support lies at $25,000 and below. The Relative Strength Index (14) is moving in the same direction below the 40-level, suggesting sideways movement in the market. Alternatives to Bitcoin Looking at the daily chart, the Bitcoin price is struggling to stay above $28,000 as the king coin declines heavily and more may still come if there is a close below the 21-day moving average. Nevertheless, a better new token called Love Hate Inu (LHINU) has achieved almost $2m in the presale. However, Love Hate Inu ensures you have the chance to voice your opinion and find a supportive community. 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