Bitcoin price<\/a> can cross above the resistance level of $29,000, it is likely for the market price to touch the potential resistance of the $30,000 level. This is where traders should expect buyers to fight for a further rise in BTC\/USD and further development of the bullish trend. Meanwhile, looking at the market movement, there is likely that the Bitcoin price may experience a quick retracement or sell-off just in case it touches the crucial $29,000 resistance level.<\/p>\nHowever, any further bullish movement could hit the resistance level of $34,000, $36,000, and $38,000 respectively. On the downside, if the market decides to cross below the 9-day and 21-day moving averages, BTC\/USD could head towards the lower boundary of the channel, and if the support level of $25,000 fails to hold the sell-off, the Bitcoin price could see a further decline toward the support levels of $24,000, $22,000, and $20,000. As revealed by the technical indicator, the market may gain more if the Relative Strength Index (14) stays within the overbought region.<\/p>\n
BTC\/USD Medium-term Trend: Ranging (4H Chart)<\/h2>\n On the 4-hour chart, the Bitcoin price is ranging, and it could face the upper boundary of the channel if the bullish pressure increases. In other words, if the selling pressure returns to the market and holds the coin not following the upward movement, $25,000 and below may come into play.<\/p>\nBTCUSD – 4 Hour Chart<\/figcaption><\/figure>\nHowever, in as much as the buyers keep pushing the price above the 9-day and 21-day moving averages, traders may expect a strong bullish movement that could hit the resistance at $32,000 and above. Meanwhile, the technical indicator Relative Strength Index (14) is above the 60-level, suggesting sideways movement.<\/p>\n
Bitcoin Alternatives<\/h2>\n The Bitcoin price may need to reclaim the ground above the resistance level of $28,500 as soon as possible, the reason being that more action is expected above this level and if the king coin slides below the 9-day moving average, bears are likely to return into the market. Meanwhile, LHINU<\/a> tokens are still in presale, and in the last few days, the project has raised close to $2 million which is truly astounding. However, time is running out because the price will increase in the next 2 days, so grab it now.<\/p>\n\n \n","protected":false},"excerpt":{"rendered":"The Bitcoin price prediction gains 1.29% as bulls keep working hard on BTC to nurture a bullish trend toward the resistance level of $29k. Bitcoin
[…]<\/a><\/div>","protected":false},"author":1742,"featured_media":381099,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"\nBitcoin Price Prediction for Today, March 21: BTC\/USD Looks for a Direction toward $29k<\/title>\n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n\t \n\t \n\t \n