{"id":321313,"date":"2022-02-25T16:40:30","date_gmt":"2022-02-25T21:40:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=321313"},"modified":"2024-06-06T19:14:16","modified_gmt":"2024-06-06T19:14:16","slug":"bitcoin-price-prediction-btc-usd-ready-to-touch-40000-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-ready-to-touch-40000-level","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Ready to Touch $40,000 Level"},"content":{"rendered":"

Bitcoin Price Prediction – February 25<\/strong><\/p>\n

The Bitcoin price prediction bounces off the support at $38,016 and added more than $1000 to its current value.<\/p>\n

BTC\/USD Long-term Trend: Bearish (Daily Chart)<\/h2>\n

Key levels:<\/p>\n

Resistance Levels: $45,000, $47,000, $49,000<\/p>\n

Support Levels: $34,000, $32,000, $30,000<\/p>\n

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

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BTC\/USD<\/a> is currently trading around $39,178 with a 2.17% gain in the past 24-hour. According to the daily chart, the Bitcoin price is struggling to stay above the important level of $39,000 as it crosses above the 9-day moving average. However, for BTC\/USD to remain above this level for the next positive days, the bulls need to make the $37,000 support level to be pretty strong.<\/p>\n

Bitcoin Price Prediction: Could Bitcoin (BTC) Break Higher?<\/h2>\n

Since yesterday, the Bitcoin price has been maintaining little upward movement, and if the first digital asset breaks above the 21-day moving average, it could make the coin to cross above the upper boundary of the channel. Moreover, Bitcoin (BTC) needs to reclaim the important resistance level of $42,000 to head upwards.<\/p>\n

Looking at the Relative Strength Index (14), traders may conclude that BTC\/USD is done with the downside. Meanwhile, on the upside, recovery may not come easy and traders must be aware that support will have to be sort above $38,000 while other important zones to keep in mind are around $45,000, $47,000, and $49,000 resistance levels while the supports could be located at $34,000, $32,000, and $30,000 respectively.<\/p>\n

BTC\/USD Medium – Term Trend: Bearish (4H Chart)<\/h2>\n

From a technical point of view, on the 4-hour chart, the technical indicator Relative Strength Index (14) keeps moving upward and ready to cross above 60-level. Meanwhile, for this to come to play there is a little bit of bullish divergence on the technical indicator as the signal line faces the north.<\/p>\n

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

However, if the Bitcoin price breaks above the upper boundary of the channel, the market price may likely reach the resistance at $42,000 and above. On the contrary, if the current market value drops below the 9-day and 21-day moving averages, it may likely touch the support at $36,500 and below.<\/p>\n

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