{"id":283320,"date":"2021-02-17T15:27:35","date_gmt":"2021-02-17T20:27:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=283320"},"modified":"2021-02-17T15:27:35","modified_gmt":"2021-02-17T20:27:35","slug":"btc-usd-long-term-trend-bullish-daily-chart-134","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-bullish-daily-chart-134","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Keeps Climbing Higher as Price Blasts Above $50,000"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 February 17<\/strong><\/p>\n

According to the daily chart, the price of Bitcoin continues to climb higher but one key support level must hold for the rally to continue.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $56,000, $58,000, $60,000<\/p>\n

Support Levels: $43,500, $41,500, $39,500<\/p>\n

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

As the daily chart reveals, BTC\/USD<\/a> bull-run seems to be unstoppable right now as the coin has just notched another new high at $51,288. However, the Bitcoin price has been grinding up in the past few weeks, establishing some potential areas of support in the event of a pullback. Currently, the technical indicator RSI (14) is swimming within the overbought conditions, strengthening the bullish market.<\/p>\n

Where is BTC Price Going Next?<\/h4>\n

The daily chart above shows that this bullish continuation is seen as a result of BTC rallying towards the next point of interest. Therefore, this area is found around the resistance level of $50,000 and the key level is also an important psychological barrier for the coin. Presently, the BTC\/USD has successfully cleared the $50,000 and it is currently climbing higher.<\/p>\n

Nevertheless, the critical level to watch is between $47,000 – 45,000 but as long as this area sustains support, the Bitcoin price may continue to run towards the resistance levels of $55,000, 58,000, and $60,000. Moreover, if the market makes a quick turn to the south, the price may likely drop below $48,000, and should this support fails to contain the sell-off, traders may see a further roll back to $43,500, $41,500, and critically $39,500.<\/p>\n

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

Bitcoin price surges upward within 24 hours, catapulting its price over $50,000 to reach where it currently trades at around $51,146. This sudden rise also pushed the price overall other altcoins, which increased by more than 6% in the respective period.\u00a0 However, the closest resistance levels lie at $55,000 and above, while the nearest supports are $49,000 and below.<\/p>\n

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

Moreover, as the coin moves above the 9-day and 21-day moving averages, the technical indicator is looking bullish and still flashing buy signals. The technical indicator RSI (14) indicator is moving above the 70-level, suggesting more bullish trends at the moment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 February 17 According to the daily chart, the price of Bitcoin continues to climb higher but one key support level […]<\/a><\/div>","protected":false},"author":1742,"featured_media":283321,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"class_list":["post-283320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Keeps Climbing Higher as Price Blasts Above $50,000<\/title>\n<meta name=\"description\" content=\"According to the daily chart, the price of Bitcoin continues to climb higher but one key support level must hold for the rally to continue.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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