BTC/USD Moves Close to $56,000 Resistance: Bitcoin Price Prediction

BTC is expected to reach a daily high of $56,000 as it approaches the channel, according to the Bitcoin price prediction.

BTC/USD Bullish Long-Term Trend (Daily Chart)
Levels of importance:

$60,000, $62,000, and $64,000 are the resistance levels.

$49,000, $47,000, and $45,000 in support

BTC/USD has continued to rise following a small drop yesterday, with the price rising from $55,365 to $53,379. BTC/USD achieved a high of just over $55,757 a few days ago before falling to a low of about $53,379 yesterday. The price of the top crypto asset, on the other hand, is currently moving north, and it has returned to levels reached just a few days ago.

Bitcoin Price Prediction: $60,000 Bitcoin Price

In the case of a reversal, Bitcoin price may need to climb above critical levels that might act as support zones. On the upside, as the coin advances and prepares to break over the channel’s upper border, little is in place to prevent a pullback toward the major resistance level of $57,000, as the technical indicator Relative Strength Index (14) stays above the 65-level.