Bitcoin Price Prediction: BTC/USD Bears Battle Bulls; Price Risks Decline to $52,000 Support ByAzeez MustaphaPRO INVESTOR Updated: 21 April 2021 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 (BTC) Price Prediction – April 21 BTC/USD rests at $55,300 after the retreat from $54,334 but the $53,000 level may likely come out as support. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $60,000, $62,000, $64,000 Support Levels: $51,000, $49,000, $47,000 BTCUSD – Daily Chart At the time of writing, BTC/USD is trying to settle below $55,000, but what direction will BTC head next? The fact remains that there might not be consensus since the Bitcoin prices bounced off a historic upward trend, it may likely enter back into a bull phase but if the coin tries to retest the $54,000 low, it may collapse further to form a longer-term bear sequence. What to Expect from Bitcoin (BTC) BTC/USD is currently trading at $55,300 with an intraday loss of 2.21%. Although one can simply say that the prevailing trend is still bullish with expanding volatility but a break below the lower boundary of the channel may likely form a new trend. In this case, Bitcoin could fall below $53,500 support and further movement may likely hit the critical supports at $51,000, $49,000, and $47,000. However, should the bulls hold the price and push it above the moving averages; BTC/USD could hit $59,000 vital resistance. A further high drive could send the coin to $60,000, $62,000, and $64,000 resistance levels. More so, the RSI (14) is still facing the downside, which indicates that additional bearish momentum may continue to play out. BTC/USD Medium – Term Trend: Bearish (4H Chart) Looking at the 4-hour chart, the bears are now dominating the market tremendously, but the bulls may need to defend the $55,000 support. Meanwhile, the $53,000 and below may come into play if the Bitcoin price breaks below the moving averages. BTCUSD – 4 Hour Chart However, if the buyers can reinforce and power the market, traders may expect a serious push above the upper boundary of the channel, and breaking this barrier may further hit the potential resistance at $59,000 and above. On the other hand, the RSI (14) is moving below 45-level, indicating a continuation of the bearish movement. Join Our Telegram channel to stay up to date on breaking news coverage