Bitcoin Price Prediction: BTC Price Hit 2022 Highs Near $48,000; Trend Reversal Above $55,000 - BitcoinEthereumNews.com
स्रोत: ट्रेडिंग व्यू On the daily chart, the Bitcoin price continues to trade higher but faces some resistance to moving beyond $48,000 on a daily closing basis. The levels were last seen in December. For the first time in the year, 2022 BTC price tagged the coveted level. The mentioned level remains the crucial level to trade. A decisive close above the $48,000 level will further make the bulls hopeful. In that scenario, investors will not shy away from reaching out to the psychological $50,000 level. An extended buying pressure will bring $55,000 into play. If that happens then it will be a trend reversal point for the Bitcoin price. On the flip side, if the price falls below the sessions low then it will invalidate the bullish theory at least in the short term. Interim support is placed at the 200-EMA (Exponential Moving Average) at $44,723. Next, investors would collect the liquidity through the supply zone extending from $42,000 to $40,000. Bitcoin price surged nearly 50% from the lows of January at $32,933.33 to the 2022 highs of $48,240. As of writing, BTC/USD is trading at $47,218, up 0.13% for the day. The worlds most famous and largest cryptocurrency is held at $32,615,808,820. तकनीकी संकेतक: RSI: The daily