{"id":255584,"date":"2020-03-31T00:59:38","date_gmt":"2020-03-31T04:59:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=255584"},"modified":"2021-08-21T14:39:21","modified_gmt":"2021-08-21T18:39:21","slug":"bitcoin-price-prediction-btc-usd-fails-to-break-5900-support-a-retest-of-7000-resistance-is-possible","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-fails-to-break-5900-support-a-retest-of-7000-resistance-is-possible","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 March 31<\/strong>
\nOn March 28, BTC\/USD<\/a> pair fell to $6,200 low due to the inability of the bulls to push price above $7,000. The bears broke the $6,400 support but failed to break $5,900 support.<\/p>\n

Key Levels:<\/strong>
\nResistance Levels: $10,000, $11, 000, $12,000
\nSupport Levels: $7,000, $6,000, $5,000<\/p>\n

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

Recently, the bears attempted to sink Bitcoin as the bulls failed to push above $7,000 overhead resistance. The bears succeeded by breaking the support at $6,400 as the market dropped to $6,200 low. Unfortunately, the bearish momentum extended to the low of $5,900, but the bears could not break it. Consequently, the bulls are attempting to carry price above the breakout level point of $6,400.<\/p>\n

Bitcoin is trading above $6,500 at the time of writing. The bulls intend to regain the $6,800 level and possibly retest the $7,000 overhead resistance. A successful break above $7,000 will earn the bulls a high of $8,000 and subsequently above $8,500.Meanwhile, Bitcoin is above 60% range of the daily stochastic. The market has changed from a bearish momentum to a bullish one.<\/p>\n

BTC\/USD Medium-term Trend: Ranging (4-Hour Chart)<\/strong><\/p>\n

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

Initially, Bitcoin was in an upward move as the bulls attempted to break the $7,000 overhead resistance. Failures of the bulls to break the overhead resistance resulted in the recent downward move. The bears broke the bullish trend line to a low of $6,200. However, at the support of $5,900, the downward move was interrupted as the bulls took control. Bitcoin has risen to level 58 of the Relative Strength Index. This indicates that BTC is in the uptrend zone and it is above the centerline 50.<\/p>\n

 <\/p>\n

\u00a0<\/span>Please note:<\/strong> Insidebitcoins.com<\/i><\/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 31 On March 28, BTC\/USD pair fell to $6,200 low due to the inability of the bulls to push […]<\/a><\/div>","protected":false},"author":1742,"featured_media":255752,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7812,7632],"class_list":["post-255584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btc-usd","tag-price-analysis"],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"BTC\/USD pair fell to $6,200 due to the inability of the bulls to push price above $7,000. The bears broke the $6,400 support.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584\" \/>\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 Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible\" \/>\n<meta property=\"og:description\" content=\"BTC\/USD pair fell to $6,200 due to the inability of the bulls to push price above $7,000. The bears broke the $6,400 support.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-31T04:59:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-21T18:39:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png\" \/>\n\t<meta property=\"og:image:width\" content=\"970\" \/>\n\t<meta property=\"og:image:height\" content=\"564\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Bitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible\",\"datePublished\":\"2020-03-31T04:59:38+00:00\",\"dateModified\":\"2021-08-21T18:39:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584\"},\"wordCount\":319,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png\",\"keywords\":[\"Bitcoin\",\"btc\",\"BTC\/USD\",\"Price Analysis\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584\",\"name\":\"Bitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png\",\"datePublished\":\"2020-03-31T04:59:38+00:00\",\"dateModified\":\"2021-08-21T18:39:21+00:00\",\"description\":\"BTC\/USD pair fell to $6,200 due to the inability of the bulls to push price above $7,000. The bears broke the $6,400 support.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png\",\"width\":970,\"height\":564},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\",\"name\":\"Azeez Mustapha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"caption\":\"Azeez Mustapha\"},\"description\":\"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/\",\"https:\/\/x.com\/ItuGlobal\"],\"gender\":\"male\",\"knowsAbout\":[\"Stock Exchange\",\"Cryptocurrency Trading\",\"Forex\"],\"jobTitle\":\"Author\",\"url\":\"https:\/\/insidebitcoins.com\/author\/azeezmustaph\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible - InsideBitcoins.com","description":"BTC\/USD pair fell to $6,200 due to the inability of the bulls to push price above $7,000. The bears broke the $6,400 support.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible","og_description":"BTC\/USD pair fell to $6,200 due to the inability of the bulls to push price above $7,000. The bears broke the $6,400 support.","og_site_name":"InsideBitcoins.com","article_published_time":"2020-03-31T04:59:38+00:00","article_modified_time":"2021-08-21T18:39:21+00:00","og_image":[{"width":970,"height":564,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png","type":"image\/png"}],"author":"Azeez Mustapha","twitter_card":"summary_large_image","twitter_creator":"@ItuGlobal","twitter_misc":{"Written by":"Azeez Mustapha","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584"},"author":{"name":"Azeez Mustapha","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8"},"headline":"Bitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible","datePublished":"2020-03-31T04:59:38+00:00","dateModified":"2021-08-21T18:39:21+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584"},"wordCount":319,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png","keywords":["Bitcoin","btc","BTC\/USD","Price Analysis"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584","name":"Bitcoin Price Prediction: BTC\/USD Fails to Break $5,900 Support; a Retest of $7,000 Resistance Is Possible - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png","datePublished":"2020-03-31T04:59:38+00:00","dateModified":"2021-08-21T18:39:21+00:00","description":"BTC\/USD pair fell to $6,200 due to the inability of the bulls to push price above $7,000. The bears broke the $6,400 support.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/BTC-Insidebitcoin-24.png","width":970,"height":564},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8","name":"Azeez Mustapha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","caption":"Azeez Mustapha"},"description":"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.","sameAs":["https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/","https:\/\/x.com\/ItuGlobal"],"gender":"male","knowsAbout":["Stock Exchange","Cryptocurrency Trading","Forex"],"jobTitle":"Author","url":"https:\/\/insidebitcoins.com\/author\/azeezmustaph"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1742"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=255584"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/255584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/255752"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=255584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=255584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=255584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}