Bitcoin Price Prediction
Bitcoin (BTC/USD) holds just above pivot point of $42,208, suggesting a tenuous hold in bullish territory.
Immediate resistance is at $42,819, with subsequent hurdles at $43,704 and $44,727, potentially capping rallies.
Support is firmer at lower levels, with $41,444 providing the first buffer, followed by $40,532 and $39,541, which could arrest further declines.
Bitcoin Price Chart – Source: Tradingview
The RSI is neutral at 46, neither signaling overbought nor oversold conditions. The MACD value at -64, below the signal line, hints at potential bearish momentum. Conversely, the 50 EMA at $42,819 aligns with current resistance, emphasizing its significance.
A symmetrical triangle pattern suggests consolidation, but a decisive move above $42,208 could confirm bullish intent.
Overall Trend: Bitcoin shows bullish potential if it sustains above the pivot point of $42,208.
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