Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Bitcoin Price Prediction: BTC/USD firm break above $4000 will open the door to great potential upside

Published 03/21/2019, 02:37 PM
Updated 03/21/2019, 02:38 PM
© Reuters.

  • Bitcoin price in the latter part of the session on Wednesday, nursing minor losses of 0.25%.
  • Bulls are continuing to struggle breaking down the $4000 price territory, not enough momentum at present.

Bitcoin price late in the session on Wednesday is trading down in negative territory by some 0.25%. BTC/USD appears to be very much within consolidation mode, struggling to breakdown the $4000 price region for the time being.

BTC/USD has demonstrated it is on strong road to recovery, which has been the case since early February. The bulls have managed to gain around 20% since 7th February, but a gradually slowing down within the earl $4000 price territory.

In terms of key big levels to be aware of via the daily chart view, to the upside; $4016.97, daily 23.6% Fibonacci, weekly pivot point resistance, $4100.09, daily and weekly pivot point resistance. To the downside; 3975.41, daily pivot point support, daily 61.8% Fibonacci, $3933.85, daily pivot point support.

BTC/USD daily confluence detector

Latest comments

lol
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.