Bitcoin Price Prediction: BTC gears up for fresh record top, bulls await clear break of $52,650

  • BTC/USD stays range-bound between $50,300 and $51,650 off-late.
  • Sustained trading above weekly support line, 200-bar SMA favor bulls amid upbeat MACD.
  • Ascending trend line from late-January adds to the upside barriers.

Bitcoin buyers can ignore the recent choppy moves around $51,000, currently near $50,900, while looking at the cryptocurrency pair’s ability to stay beyond the key supports during early Thursday. The BTC/USD optimism can also take clues from the bullish MACD signals to direct bulls towards a fresh high above $58,355.

However, a two-week-old horizontal area guards the quote’s immediate upside below $52,650.

Hence, BTC/USD bulls need to cross the immediate hurdle to justify their hold on the e-currency.

In doing so, an upward sloping resistance line from January 27, currently around $54,800, can offer a breathing space during the quote’s upside.

Meanwhile, pullback moves shouldn’t be considered serious if staying above the immediate support line, at $48,860 now, a break of which will recall the BTC/USD sellers targeting a 200-bar SMA level of $45,480.

In a case where the BTC/USD bears dominate past-$45,480, tops marked during the early February and late January, respectively around $41,000 and $38,650, will be the key to watch.

BTC/USD four-hour chart

Trend: Bullish

additional important levels

Today last price 50837.65
Today Daily Change 2344.93
Today Daily Change % 4.84%
Today daily open 48492.72
Daily SMA20 49867.36
Daily SMA50 41623.26
Daily SMA100 33007.1
Daily SMA200 22707.82
Previous Daily High 50241.37
Previous Daily Low 47079.31
Previous Weekly High 58355.76
Previous Weekly Low 44149.17
Previous Monthly High 58355.76
Previous Monthly Low 32336.85
Daily Fibonacci 38.2% 48287.22
Daily Fibonacci 61.8% 49033.46
Daily Pivot Point S1 46967.56
Daily Pivot Point S2 45442.4
Daily Pivot Point S3 43805.5
Daily Pivot Point R1 50129.63
Daily Pivot Point R2 51766.53
Daily Pivot Point R3 53291.69



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