Bitcoin Price Prediction – Long-term (BTC) Value Forecast – April 6

• On the upside, if the bulls break the $5,200 resistance level, the crypto’s price will reach the previous high of $5,500.

• On the other hand, if the bulls fail to break the $5,200 resistance level, the BTC price will continue its range bound movement between the levels of $4,900 and $5,200.

BTC/USD Long-term Trend: Bullish

Resistance levels: $7,200, $7,400, $7,600

Support levels: $4,900, $4,700, $4,500

The BTC/USD pair is in a bullish trend trading above the $4,900 price level. Since February 24, the BTC price had been trading below the $4,200 price level. In the month of March, the bulls broke the resistance levels of $4,000 and $4,100. On April 2, the BTC price had a price rally which broke the $4,200 resistance level.
 

The crypto’s price is ranging between the levels of $4,900 and $5,200. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the upside, if the bulls break the $5,200 resistance level, the crypto’s price will reach the previous high of $5,500.

Live Bitcoin (BTC) Price:

1 BTC/USD =$5,013.45 change ~ 1.20% 24 Hour VWAP 24 Hour Change

Coin Market Cap 24 Hour Volume $5.01 K $ 59.4700

$88.54 Billion $5.98 Billion

 

By Azeez M – April 6, 2019

David