Breaking: Bitcoin price scrapes $44K: Is $50K next as BTC crosses the midline of a weekly supply zone?

FXStreet Team FXStreet

Bitcoin (BTC) price has scraped the $44,000 psychological level as the fear of missing out (FOMO) continues to drive the cryptocurrency market.

Effectively, the move has seen BTC break above the midline of a supply zone stretching from $40,517 to $46,972 on the weekly timeframe. Typically, a break and close above the midline of such a supply barrier confirms the continuation of the primary trend. Investors should watch for a close.

Meanwhile, the odds continue to favor the upside. The Relative Strength Index (RSI) remains inclined to the north, suggesting momentum is still rising.

Increased buying pressure above current levels, therefore, could see Bitcoin price overcome this supply barrier, flipping it into a bullish breaker, in a move that could set the tone for Bitcoin price to target $50,000 next. Such a move would constitute a 10% climb above current levels.

BTC/USDT 1-week chart

Nevertheless, considering BTC is already massively overbought, investors should not be surprised if a pullback happens. Experts evaluate the potential for a correction to the $30,000 psychological level even as markets continue to front-run spot BTC exchange-traded fund (ETFs) approvals.

Also Read: Altcoin plays for traders as Bitcoin crosses $42,000

Author

FXStreet Team

FXStreet

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.