Claim $500Bitcoin Price Prediction: BTC Price Remains Pressured Below 48,000; Hold or Exit?
Bitcoin price extends the previous session gains on the weekends. The price consolidates in a very tight range above the 200-EMA. Investors are waiting for confirmation before taking up aggressive bids.
- Bitcoin price trades with minimal gains on Saturday.
- Some retracement is expected in BTC as the bulls remain pressured below $48,000.
- BTC price locks 4% gains on a weekly basis.
Bitcoin price consolidates
On the daily chart, the Bitcoin price surged 21% from the lows of 37,560.40 made on March 14. The asset tested 3-month highs at $48,240.0 on Thursday. However, the bulls lack the conviction or are unwilling to carry forward the gains beyond the said level. In the recent pullback, BTC price revisited the critical 200-day EMA (Exponential Moving Average) at $44,796.98.
But the downside seem limited as the price bounced back with a 5% gain in two sessions. This, suggest the bulls are not in a mood to give up easily either. So, for now, BTC slides in a trading range of $45,000 and $48,000.
An acceptance above $48,000 amid sustained buying pressure would make traders hopeful. On moving higher, the first upside target could be located at the psychological $50,000. Next, market participants would likely recapture the horizontal resistance level at $52,500.
On the contrary, if the price fails to hold the session’s low then it would invalidate the bullish outlook for BTC price in the short-term. In that case, investors will collect the liquidity at the support level found at $42,500.
As of publication time, BTC/USD is trading at $46,625.90, up 0.75% for the day. The 24-hour trading volume of the largest cryptocurrency by market cap is standing at $34,123,056,256 with a loss of 17% as reported by CoinMarketCap.
Technical indicators:
RSI: The daily Relative Strength Index oscillates near the average line with a neutral stance. It reads at 60.
MACD: The Moving Average Convergence Divergence stands above the central line but with a receding bullish momentum.
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.
Premium Partners
Related Articles
- Bitcoin Rises to $90K Even as Trump Defends Tariffs Ahead of Supreme Court Ruling
- Bitget’s 2025 Recap: Bitcoin and Gold Lead as ‘Safe Haven’ Assets as Dollar Posts Worst Yearly Loss
- BlackRock Moves Bitcoin and Ethereum, Stirring Sell-Off Fears Ahead of $2.2B Options Expiry
- Why is PEPE Coin Rising Today (Jan 2)
- “Biden DOJ Picked People, Not Crimes,” FTX’s Ryan Salame and SBF Say
- Dogecoin Price Jumps 10% as Whales Scoop Up 220M DOGE; What’s Next?
- Here’s Why Crypto Market Turns Bullish as 2026 Kicks Off
- Pepe Coin price Enters 2026 with a 25% Surge as Open Interest Jumps 82% — What’s Next?
- Shiba Inu Price Eyes a 45% Rebound as Burn Rate Spikes 10,700%
- Expert Predicts Ethereum Price Rebound to $4k as BitMine, Long-Term Holders Buy
- Bitcoin Price Prediction Ahead of FOMC Minutes
