{"id":286308,"date":"2021-04-02T08:41:55","date_gmt":"2021-04-02T12:41:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=286308"},"modified":"2021-04-02T08:43:05","modified_gmt":"2021-04-02T12:43:05","slug":"btc-usd-long-term-trend-bullish-daily-chart-177","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-bullish-daily-chart-177","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Retests $60,000 but Fails to Sustain Highs"},"content":{"rendered":"

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

Bitcoin bulls are working hard to nurture a bullish trend from the support at $58,000.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $64,000, $66,000, $68,200<\/p>\n

Support Levels: $55,000, $53,000, $51,000<\/p>\n

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

Bitcoin is currently trading 1.38% higher on the day. BTC\/USD<\/a> opened the session at $58,726 and touches the daily high of $59,536. The first digital coin is moving within the short-term bullish trend amid low volatility. The current conditions imply that the price may stay range-bound during the next trading hours as the coin remains above the 9-day and 21-day moving averages. Meanwhile, the technical indicator RSI (14) may start moving sideways.<\/p>\n

What to Expect from Bitcoin (BTC)<\/h4>\n

At the opening of the market today, after testing the low of $58,441, BTC\/USD is currently trading at $59,536. Meanwhile, looking at the market movement, there is likely that the market may experience a quick retracement or sell-off just after touching the crucial $60,000, and traders may see $59,000 to $59,500 being tested again before pushing higher.<\/p>\n

On the downside, if the market decides to fall, the price of Bitcoin could fall below the moving averages at $55,700, and if that support fails to hold the sell-off, traders could see a further decline below the lower boundary of the channel and towards the support levels of $55,000, $53,000, and critically $51,000. All the same, any further bullish movement towards the upper boundary of the channel may hit the resistances at $64,000, $66,000, and $68,000.<\/p>\n

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

According to the 4-hour chart, the Bitcoin price first went up but now dropping slightly. If the price continues to drop further and move below the 9-day and 21-day moving averages, it could reach the nearest support levels at $57,000, $55,000, and $53,000 respectively.<\/p>\n

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

Moreover, if the bulls push the coin above the 9-day and 21-day moving averages, the price of Bitcoin may likely reach the potential resistance levels of $62,000, $64,000, and $66,000. Presently, the market is indecisive as the RSI (14) indicator moves below the 60-level.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 April 2 Bitcoin bulls are working hard to nurture a bullish trend from the support at $58,000. BTC\/USD Long-term Trend: […]<\/a><\/div>","protected":false},"author":1742,"featured_media":286309,"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-286308","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 Retests $60,000 but Fails to Sustain Highs<\/title>\n<meta name=\"description\" content=\"Bitcoin bulls are working hard to nurture a bullish trend from the support at $58,000.\" \/>\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\/286308\" \/>\n<meta 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