Bitcoin Price Prediction: Surges Above $40K After Days Of Consolidation; Is $45K In Sight? - BitcoinEthereumNews.com
स्रोत: ट्रेडिंग व्यू On the daily chart, the Bitcoin price rallied above $40,000 after testing the lows of $38,850. Currently, it is hovering below the 50-day EMA (Exponential Moving Average) at $40,706.20. A resurgence in the buying order will push the price higher to meet further upside hurdles. The first target is placed at the horizontal resistance level at $42,586.73. An extended buying pressure will bring $45,426.45 in play. A decisive close above the mentioned level will breach the short-term trading range of $37K and $45K. On the flip side, if the price is not able to sustain the sessions low then it can reverse the current price action. Moving down, the first target is found at $37,500. A daily close below the mentioned support level will negate the bearish outlook for the pair. तकनीकी संकेतक: RSI: The daily Relative Strength Index trades above the average line. Currently, it reads at 51 with a bullish bias. एमएसीडी: The Moving Average Convergence Divergence holds below the midline. Further, it trades with a positive bias.