{"id":253003,"date":"2020-03-02T13:31:57","date_gmt":"2020-03-02T18:31:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=253003"},"modified":"2020-03-02T13:31:57","modified_gmt":"2020-03-02T18:31:57","slug":"bitcoin-price-prediction-btc-usd-bulls-flex-muscles-climbing-above-8800","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-bulls-flex-muscles-climbing-above-8800","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Bulls Flex Muscles Climbing Above $8,800"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 March 2<\/strong><\/p>\n

Bitcoin price lags breakout above the previous support levels and likely to blast it above $8,900.<\/p>\n

BTC\/USD Long-term Trend: Ranging (Daily Chart)<\/h4>\n

Key levels:<\/p>\n

Resistance Levels: $9,500, $9,700, $9,900<\/p>\n

Support Levels: $7,800, $7,600, $7,400<\/p>\n

\"\"<\/a>
BTCUSD – Daily Chart<\/figcaption><\/figure>\n

BTC\/USD<\/a> is back with a bang as it kick-starts the new month on a positive note. Before the coin could close yesterday, it has initiated a price recovery after it found a support level below $8,440. Bitcoin has rebounded noticeably and it has already formed a few higher highs while tracing a bullish trend line. Yesterday, Bitcoin price has pushed for recovery during both the Asian and European sessions.<\/p>\n

However, the market is deciding around $8,908 before the 9-day and 21-day moving averages, where the buyers are anticipating for a clear breakout or breakdown. Meanwhile, the $9,000 and $9,200 levels may further surface as the key resistances should the $9,400 level holds. However, a strong bullish spike may take the price to $9,500, $9,700 and $9,900 levels.<\/p>\n

Moreover, if the market makes a quick turn to the south, the BTC\/USD price may likely drop below $8,000 and should this support fails to contain the sell-off, traders may see a further roll back to $7,800, $7,600 and critically $7,400. The RSI (14) suggests an upward movement for the coin as the signal line moves above the 40-level.<\/p>\n

BTC\/USD Medium – Term Trend: Bearish (4H Chart)<\/h4>\n

Looking at the 4-hour chart, the bears have been dominating the market for the past few weeks, but the bulls have now stepped back into the market moving above the 9-day and 21-day moving averages and trying to defend the $8,600 support. If not, the $8,500 and below may come into play if BTC breaks below the mentioned supports.<\/p>\n

\"\"<\/a>
BTCUSD – 4 Hour Chart<\/figcaption><\/figure>\n

However, in as much as the buyers continue to reinforce and power the market more, traders can expect a retest at $8,900 resistance level and breaking this level may further push the price towards the resistance level of $9,200 and above. The RSI (14) faces the north as it is moving above the 55-level.<\/p>\n

Please note:<\/strong> Insidebitcoins.com<\/a> is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 March 2 Bitcoin price lags breakout above the previous support levels and likely to blast it above $8,900. BTC\/USD Long-term […]<\/a><\/div>","protected":false},"author":1742,"featured_media":253004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Bulls Flex Muscles Climbing Above $8,800<\/title>\n<meta name=\"description\" content=\"Bitcoin price lags breakout above the previous support levels and likely to blast it above $8,900.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/253003\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction: BTC\/USD Bulls Flex Muscles Climbing Above 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