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Bitcoin Price Prediction: BTC to test $49,000, suggest technicals and on-chain metrics

  • Bitcoin price flashed a buy signal on the weekly chart.
  • The bullish formation has helped BTC rebound from the $30,000 support level. 
  • Further buying pressure could push the pioneer cryptocurrency to $49,000.
Bitcoin Price Prediction: BTC to test $49,000, suggest technicals and on-chain metrics
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price needs to break above $42,000 to advance higher. Both technical and on-chain metrics suggest the bullish impulse is underway.

Bitcoin price to make a higher high

In the following video, FXStreet's analysts evaluate where Bitcoin price could be heading next as BTC tries to break through massive resistance.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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