Bitcoin Crypto

BTC Prediction Tau: Le Crypto Muamua a le Lalolagi Sii i luga 40 pasene

03/25/2023
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Bitcoin Price Prediction

BTC price has recently crossed above most of its major resistance. After taking support near $16000.00, BTC price crossed above its important Moving Averages (MA) by 25 percent. After taking a short correction of 11 percent, BTC price took support from the 50-day MA (around $22000.00). The current BTC price is $28641.73 with a change in the 24-hour trading volume of -24 percent. BTC price is up 0.90 percent in the last 24 hours.

The BTC Price is Trading Near Recent Resistance (Daily Time frame)

Source:  BTC/USDT by TradingView 

The bulls are currently overpowering the market across all the major cryptocurrency platforms by 50 to 55 percent as per Coinglass, a cryptocurrency information platform. According to Alternative(dot)me the current score on the Greed and Fear Index is around 62 in the Greed zone while seeing a rise of 10 points since last week when the market was trading around the neutral zone at 50 points. 

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Technical Analysis (1 Day Timeframe)

Source:  BTC/USDT by TradingView

BTC price after taking support from the 200-day MA is currently trading at 43 percent while the 100-day MA is crossing over the 200-day MA giving a golden crossover. The next support level for BTC is 16 percent below the current price level around the 50-day MA. Also, the 20-day MA recently crossed over the 50-day EMA.

The RSI line is in the overbought level above the 14 SMA the RSI curve at the supply zone is suggesting that the price might soon take a reversal. The RSI line is currently around 72.63 points near the overbought level above the 14 SMA which is just above the median line.

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Although after taking support from the 200 MA, BTC made a bullish engulfing candle followed by the three white soldiers while the MAs also made a golden crossover where the 100 MA crossed the 200 MA – a bullish move of 45 percent. The bears did try to reverse the trend, albeit unsuccessfully.

Tulaga fa'apitoa -

Lagolago - $ 25000.00

Tetee - $ 32000.00

Tuuese

O manatu ma manatu o loʻo taʻua e le tusitala, poʻo soʻo se tagata o loʻo taʻua i lenei tusiga, e mo naʻo faʻamatalaga faʻamatalaga, ma latou te le faʻavaeina tupe, tupe faʻafaigaluega, poʻo isi fautuaga. O le teu fa'afaigaluegaina po'o le fefa'ataua'iga o aseta crypto e sau ma se tulaga lamatia o tupe gau.

Source: https://www.thecoinrepublic.com/2023/03/24/btc-price-prediction-worlds-first-crypto-moves-up-40-percent/