News

Bitcoin Price Prediction: BTC Price Remains Pressured Below 48,000; Hold or Exit?

Published by
Bitcoin 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.
Advertisement

Bitcoin price consolidates

Source: Trading view

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.

 

Advertisement

Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Published by
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.

Recent Posts

  • Price Analysis

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempts to reclaim…

October 25, 2025
  • Price Analysis

Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates

Bitcoin price is hovering around $111,742, reflecting a 0.5% gain in the last 24 hours.…

October 25, 2025
  • Price Analysis

PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?

Pepe coin price has remained under pressure despite renewed signals of investor repositioning in the…

October 25, 2025
  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025
  • Price Analysis

SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?

The Sui price has recently drawn investor interest after rebounding from a key demand zone,…

October 24, 2025