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Bitcoin Price Prediction: After Briefly Touching the $7,441, BTC/USD Bulls May Re-gather

Previsione prezzo Bitcoin (BTC) - 8 aprile

BTC/USD price is trading nicely above the $7,250 and the coin must climb above the $7,400 resistance to continue higher.

Tendenza a lungo termine BTC / USD: rialzista (grafico giornaliero)

Livelli chiave:

Livelli di resistenza: $ 8,400, $ 8,600, $ 8,800

Livelli di supporto: $ 6,100, $ 5,900, $ 5,700

Bitcoin Price Prediction: After Briefly Touching the $7,441, BTC/USD Bulls May Re-gather Blockchain PlatoBlockchain Data Intelligence. Vertical Search. Ai.
BTCUSD - Grafico giornaliero

BTC / USD bulls may slowly come back into action after a minor battering from the bears yesterday. If this happens, then the expectation of recovery could turn out to be true. Today, BTC/USD was seen trading at $7,166 after soaring to $7,441.47. The coin then pulled back to where it is trading currently at $7,247 and may continue to head downwards if the bears step back into the market.

However, the market is deciding above the 9-day and 21-day moving averages, where the buyers and sellers are anticipating a clear breakout or breakdown. Meanwhile, the $7,800 and $8,000 levels may further surface as the key resistances should the $7,600 level come to play. However, a strong bullish spike may take the price to $8,400, $8,600 and $8,800 levels.

Moreover, if the market makes a quick turn to the south, the BTC/USD price may likely drop to $6,700 and should this support fails to contain the sell-off, traders may see a further roll back to $6,100, $5,900 and critically $5,700. The stochastic RSI suggests an upward movement for the coin as it moves within the overbought zone.

BTC / USD Trend a medio termine: rialzista (grafico 4H)

The 4-hour chart for BTC is still looking bullish, but the market has been showing a sign of weakness since the daily opening. However, the intraday trading is still looking bearish; following the recent downtrend to $7,271.02 which is now a key support level. The next key support levels are $7,000, $6,800 and $6,600.

Bitcoin Price Prediction: After Briefly Touching the $7,441, BTC/USD Bulls May Re-gather Blockchain PlatoBlockchain Data Intelligence. Vertical Search. Ai.
BTCUSD - Grafico orario 4

However, considering the recent sharp rebound, the Bitcoin price may re-enter the bullish rally to $7,300 resistance. A climb above the mentioned resistance may further push BTC price to $7,600, $7,800 and $8,000 resistance levels. As it appeared now, it seems the bears may likely return into the market as the stochastic RSI faces the south which could resume the downward direction.

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Source: https://insidebitcoins.com/news/bitcoin-price-prediction-after-briefly-touching-the-7441-btc-usd-bulls-may-re-gather/257234