Bitcoin (BTC) Price Today’s Prediction, March 26: BTC/USD Consolidates Around $27,929; Will Price Set to $28k?

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The Bitcoin (BTC) price forecast shows that Bitcoin may face down but consolidation is very likely continue around betwixt $27,500 and $28,500.

Bitcoin (BTC) Prediction Statistics Data:

  • Bitcoin (BTC) price now – $27,929
  • Bitcoin (BTC) market capitalization – $538billion
  • Bitcoin (BTC) circulating supply – 19.3 billion
  • Bitcoin (BTC) total supply – 19.3 billion
  • Bitcoin (BTC) Coinmarketcap ranking – #1

BTC/USD Longstanding Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $33,000, $35,000, $37,000

Support Levels: $24,000, $22,000, $20,000

Today, BTC/USD retreats below the resistance level of $28,349. The number-one cryptocurrency is very likely face the downside if the price could cross below the 9-day moving average. Nonetheless, the Bitcoin (BTC) price did not head to the upside as a result of an immediate reversal. This is why, the daily chart outlines that the market may experience a slight bearish movement.

Bitcoin (BTC) Price Prediction: Bitcoin May Continue to Move Sideways

At the time of publication, the Bitcoin (BTC) price is hovering at $27,929 with a gain of 0.87 percent on the day. The trading is very likely continue with the sideways movement as the technical indicator Relative Strength Index (14) moves in the same direction over the 60-level. In the meantime, the bulls may must reclaim the resistance level of $28,000 as this would allow them to focus on higher levels towards $29,000. On the other side, facing the downside under the short-term support at $27,500 could easily open the way to the south.

In the meantime, the breakdown towards $26,000 is not out of the image because the losses in the previous day may show that BTC/USD is not technically ready for the upward movement but the king coin can still make an effort to regain ground and any positive  tendency movement to the upside may push the coin to the resistance level of $33,000, $35,000, and $37,000 while the supports lie at $24,000, $22,000, and $20,000 respectively.

BTC/USD Medium-term Trend: Bullish (4H Chart)

The Bitcoin (BTC) price is hovering within the 9-day and 21-day moving averages reports by the 4-hour chart. If the market value falls and crosses below the lower boundary of the channel, it could  accomplish the nearest support levels at $25,000 and below.

Bitcoin Price Prediction for Today, March 26: BTC/USD Consolidates Around $27,929; Will Price Set to $28k?BTCUSD – 4 Hour Chart

Furthermore, if the bulls push the coin towards the upper boundary of the channel, it could  accomplish the  capacity resistance level of $32,000 and over. Now, the market is very likely rebound as the technical indicator Relative Strength Index (14) moves over the 50-level.

Alternatives to Bitcoin

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