{"id":285509,"date":"2021-03-19T06:17:01","date_gmt":"2021-03-19T10:17:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=285509"},"modified":"2021-03-19T06:17:01","modified_gmt":"2021-03-19T10:17:01","slug":"btc-usd-long-term-trend-bullish-daily-chart-158","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-bullish-daily-chart-158","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Reclaims $58,000; What Next?"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 March 19<\/strong><\/p>\n

The price of Bitcoin rebounds above $58,000, despite the pressure from the sellers.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $64,000, $66,000, $68,000<\/p>\n

Support Levels: $50,000, $48,000, $46,000<\/p>\n

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

As reveals by the daily chart, BTC\/USD<\/a> is leading the pack after regaining ground above $58,000. The cryptocurrency market is on the rise again, after retracing in the last few hours. Yesterday, the rejection from levels close to $60,000 lost traction before closing at $57,644. The buyers are now taking the advantage of the support at the 9-day MA to force the on-going reversal.<\/p>\n

What to Expect from BTC\/USD<\/h4>\n

At the time of writing, BTC\/USD is dancing slightly above $58,000 while bulls work extra hard to boost to the $60,000 resistance level. The cheerful optimism seems to have been validated by the technical indicator RSI (14), as it rebounds above the 60-level heading to the north. However, the first digital asset could trigger a massive bull run if it breaks the resistance at the newly achieved all-time high at 61,000. Moreover, trading above $62,000 may see the king of cryptocurrencies enter the price discovery mode.<\/p>\n

Therefore, any further bullish movement above $62,000 could locate the potential resistance levels of $64,000, $66,000, and $68,000. On the other hand, a bearish narrative may come into the picture if Bitcoin closes the day under $55,000. Breaking below the lower boundary of the channel might trigger massive sell orders creating enough volume to force BTC into a downtrend while the critical supports may be located at $50,000, $48,000, and $46,000.<\/p>\n

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

On the 4-hour chart, Bitcoin’s price is currently trading around $58,176 around the 9-day moving average after rebounding from the $57,452 low. Whereas, the 4-hour chart shows that the coin may likely experience a sideways movement as the signal line of RSI (14) is seen moving above the 55-level.<\/p>\n

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

Therefore, if the market price moves below the 9-day and 21-day moving averages, keeping Bitcoin above $60,000 may be a daunting task. Meanwhile, the best support levels we may look at are $55,000, $53,000, and $51,000 while the potential resistance lies at $62,000 and above.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 March 19 The price of Bitcoin rebounds above $58,000, despite the pressure from the sellers. BTC\/USD Long-term Trend: Bullish (Daily […]<\/a><\/div>","protected":false},"author":1742,"featured_media":285510,"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 Reclaims $58,000; What Next?<\/title>\n<meta name=\"description\" content=\"The price of Bitcoin rebounds above $58,000, despite the pressure from the sellers.\u00a0 \u00a0\" \/>\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\/285509\" \/>\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 Reclaims $58,000; What Next?\" \/>\n<meta property=\"og:description\" content=\"The price of Bitcoin rebounds above $58,000, despite the pressure from the sellers.\u00a0 \u00a0\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-19T10:17:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2021\/03\/BTCUSD_1D_19032021.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1073\" \/>\n\t<meta property=\"og:image:height\" content=\"584\" \/>\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=\"3 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\/285509#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/285509\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Bitcoin Price Prediction: BTC\/USD Reclaims $58,000; 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