{"id":286017,"date":"2021-03-28T08:14:34","date_gmt":"2021-03-28T12:14:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=286017"},"modified":"2021-03-28T08:14:34","modified_gmt":"2021-03-28T12:14:34","slug":"btc-usd-long-term-trend-bullish-daily-chart-170","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-bullish-daily-chart-170","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Touches $56,000 Resistance; Bulls May Re-gather"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 March 28<\/strong><\/p>\n

The price of Bitcoin is seen trading nicely above $56,000 and the coin must climb above the $58,000 resistance to continue higher.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $62,000, $64,000, $66,000<\/p>\n

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

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

BTC\/USD<\/a> bulls may slowly come back into action as the coin trades above the 9-day and 21-day moving averages. Today, BTC\/USD hovers at $56,310 after soaring to $56,500. The coin is now seen pulling to where it is currently trading and may continue to head upwards if the bulls put more effort.<\/p>\n

What to Expect from Bitcoin<\/h4>\n

Presently, the market is deciding within the moving averages, where the buyers and sellers are anticipating a clear breakout or breakdown. Meanwhile, the $57,000 and $58,000 levels may further surface as the key resistances should the $56,800 level come to play. However, a strong bullish spike may take the price to $62,000, $64,000, and $66,000 levels.<\/p>\n

Moreover, if the market makes a quick turn to the south, the price of Bitcoin may likely drop to $55,000, and should this support fails to curtail the sell-off, traders may see further drops to $50,000, $48,000, and critically $46,000. The technical indicator RSI (14) is still suggesting an upward movement for the coin as it stays above 55-level.<\/p>\n

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

The past few trading on the 4-hour chart for BTC is bullish as the market has been showing a strong sign since March 25. Moreover, the intraday trading is now looking bullish; following the recent uptrend to $56,500 which is now a key resistance level. As the coin stays above the 9-day and 21-day moving averages, the next key resistance levels could be located at $58,000, $60,000, and $62,000.<\/p>\n

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

On the downside, the immediate support is near the $55,500 level while the main support is at the $55,300 level. If these supports failed, the coin may likely drop to $55,000 and below. However, the technical indicator RSI (14) is getting ready to cross above 60-level, which indicates that the bullish momentum may continue to play out.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 March 28 The price of Bitcoin is seen trading nicely above $56,000 and the coin must climb above the $58,000 […]<\/a><\/div>","protected":false},"author":1742,"featured_media":286018,"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-286017","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 Touches $56,000 Resistance; Bulls May Re-gather<\/title>\n<meta name=\"description\" content=\"The price of Bitcoin is seen trading nicely above $56,000 and the coin must climb above the $58,000 resistance to continue higher.\" \/>\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\/286017\" \/>\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 Touches $56,000 Resistance; 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