Bitcoin Price Prediction: BTC almost brushes shoulders with $50,000 but gets rejected as $43,000 beckons

Bitcoin suffers a rejection within a whisker of $50,000 as the bullish weekend session turns bearish.
BTC may freefall toward $43,000 if the 50 SMA support fails to hold.
The flagship cryptocurrency will resume the uptrend if the channel’s middle boundary support is reclaimed.

Bitcoin nearly hit $50,000 for the first time in history during the weekend session. However, the bullish leg was rejected at $49,625, calling out to sellers to come and get their shot. A correction from the new all-time high is underway at the time of writing, which could see the bellwether cryptocurrency tumble to $43,000.

Since February started, BTC has been trading within the confines of an ascending parallel channel. The upper boundary has continued to limit price movement, while the lower edge has ensured that Bitcoin’s downside has been protected.

Meanwhile, the record highs’ rejection has lost the channel’s middle-level support, which adds credence to the bearish outlook. BTC is trading at $47,175 while seeking immediate support at the 50 Simple Moving Average.

Similarly, the Moving Average Convergence Divergence (MACD) trend shows that sellers have more influence. The indicators’ retreat from 2,515 signaled that the uptrend was getting exhausted. Additionally, the MACD line (blue) cross under the signal line confirmed the bearish outlook, implying that it was time to sell the top, at least for now.

BTC/USD 4-hour chart

If the 50 SMA support on the 4-hour chart fails to hold, the pioneer cryptocurrency may drop further in search of another support. The ascending channel’s lower edge will play a key role in absorbing the selling pressure and perhaps restarting the uptrend.

Closing the day above the 50 SMA will also be a bullish signal, while trading above the middle boundary could boost Bitcoin above $50,000.

Bitcoin intraday levels

Spot rate: $47,073

Percentage change: -3.3%

Relative change: -1,580

Trend: Bearish

Volatility: High

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

John Isige

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.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.

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.