Bitcoin Price has established a support base above the $40,000 zone.
$BTC Price is showing a recovery trend, surpassing the $42,000 resistance level.
Despite positive sentiment ahead of the U.S. #FederalReserve rate ($FED) announcement, Bitcoin's price is trading within a narrow range.
Resistance from the 50 Day MA on the daily chart is still evident.
Support for #Bitcoin is coming from the 100-day EMA and the 23.60% Fibonacci level.
The next resistance is anticipated at the $47,000 mark, and an increase in trading volume could support a bullish run.
As per #PricePrediction, if the BTC undergoes a reversal, it may test the $38,500 level.
According to Coin Gabbar analysis, Bitcoin price prediction 2030 will surpass $200,000.
Coin Gabbar analysis predicts that Bitcoin price prediction 2040 will approach $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $42,800-$43,600
SUPPORT LEVEL : $41,600-$41,000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
