Bitcoin Price Prediction, Support and Resistance Levels

The resistance level is located at $64,400, and if buyers succeed in pushing the price above this level, the price will face other resistance levels at 65.300$ and 66.060$ respectively. The recent rise in Bitcoin price above the ascending trend line indicates that the market is waiting for greater gains if the price succeeds in breaching these resistance levels. On the other hand, the immediate support level is located at 63.072$ followed by two other support levels at 62.600$ and 62.379$ respectively.

The Relative Strength Index (RSI) is at 52, indicating a slightly bullish neutral momentum, and if it rises above 60, it could indicate a stronger bullish momentum. The 50-day Exponential Moving Average (EMA-50) at 63.072$ is a strong support level that should be maintained, which bodes well for optimism. In conclusion, BTC price continues to be relatively stable as it remains above the support level of $63,875; if the price succeeds in breaching the level of 64.419$ , it could continue its rise, while a decline below 63.072$ could cause short-term price declines.