Bitcoin Price Prediction: Could BTC Price Sustain Above $40,000?

BTC’s price manages to hold the gains on Tuesday following an intense sell-off in the previous session. In fact, BTC is extending its retracement that began on March 28 as the bulls lack the conviction to carry forward the gains beyond $48,124.
- BTC’s price reclaims the $40,000 mark with decent gains on Tuesday.
- However, the price is not out of the woods yet, as it is far from oversold territory.
- A daily candlestick below $39,000 will again put the BTC price on the test once again.
Further, the BTC sellers sliced through the psychological $45,000 level on April 6 and resulting in a 13% correction in BTC price since then.
In the past two weeks, BTC’s price witnessed a steep pullback that pushed it to $39,000. However, despite the intense selling momentum, the investors seek a dip-buying opportunity that brings the major cryptocurrency back above $40,000.
BTC price remains sidelined

From a technical perspective, the BTC price seems exhausted after the recent pullback. Still to move back to the key upside zone at $45,000 and $50,000 looks challenging for the Bitcoin price.
A daily candlestick below the key support area of $39,000 will trigger another round of selling in the pioneer cryptocurrency. The price trades inside a ‘Parallel’ channel. Now, if the price breaks the lower trend line of the channel sellers could enjoy a move toward the horizontal support zone at $38,128.85.
An extended sell-off could bring $36,000 into play.
While things look pessimistic for the BTC price, a spike in the buy order could push the price to revisit the previous session’s high of $42,424.14 followed by the $44,000 key level above the 50-day EMA.
The daily relative strength index (RSI) is just a tad above the oversold zone giving bulls hope.
On the daily chart, the moving average convergence divergence fell below the mid-line with bearish momentum.
BTC price was trading at $40,227.06 at press time, up 1.23% for the day
- Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC
- Expert Says Crypto ETFs Could Be ‘Death-Knell’ for Treasury Firms MSTR, MTPLF, BMNR, SBET
- Trump-Linked WLFI Passes 100% Buyback & Burn Proposal, Analyst Eyes Bullish Surge
- Crypto Market Liquidations Top $1 Billion Again With Ethereum Leading, Buy The Dip Opportunity Ahead
- Nasdaq-Listed AlphaTON Kicks Off Treasury Strategy, Buys $30M in Toncoin After $71M Raise
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
- Bitcoin Price: Analyst Predicts Crash to $104K Before Explosive Rally on Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
- Will Pi Coin Price Recover Before Month-End After Payochain Listing?
- Chainlink Price Prediction as Whales Buy 800K LINK — Can the Demand Zone Launch a Recovery?