Bitcoin Price Forecast: BTC needs to break $40,000 to validate the uptrend toward $50,000

John Isige
May 26, 2021 Updated June 5, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Bitcoin Prediction

Bitcoin has proved to investors that it can come out of the ditch it fell into last week by gaining considerable ground to $40,000. However, increasing skepticism in the market limits Bitcoin’s ability to continue with the uptrend. BTC corrected from highs around $40,000 but secured support at $36,400.

In the meantime, the price has recoiled above $39,000 and is in the process of brushing shoulders with $40,000. A confirmed break above $40,000 is required to validate the uptrend toward $50,000. More investors will enter the market as BTC reclaims some of the anchors at $43,000 and $46,000.

Bitcoin on the edge of a colossal uplift

The Moving Average Convergence Divergence (MACD) has since the drop to $30,500, ascertained the trend inclining to the bullish side. This move has seen the indicator shrink the gap toward the zero line (0.00). Moreover, the MACD line’s (blue) divergence from the signal line adds credence to the bullish outlook.

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BTC/USD four-hour chart

BTC/USD price chart
BTC/USD price chart by Tradingview

Precisely, Bitcoin trades slightly above $39,000 at writing. On the downside, the 50 Simple Moving Average (SMA) provides immediate support, helping bulls to focus on gains above $40,000.

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Looking at the other side of the fence

The Relative Strength Index (RSI) has a bearish outlook as it points downward. This indicator shows that buyers lack the power to crack the key $40,000 resistance. Hence, exhaustion could wear down the bulls, giving way to another correction toward $36,000.

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Bitcoin intraday levels

Spot rate: $39,286

Trend: Bearish biased

Volatility: Low

Support: $36,400 and $34,500

Resistance: $40,000 and $43,000

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.