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Bitcoin Price Prediction: Surges Past $44K, El Salvador Sees Soaring Returns on BTC Investment

Arslan Butt
Last updated: | 4 min read

Bitcoin Price Prediction

Bitcoin‘s price action on the 4-hour chart shows a clear uptrend within an ascending channel, with the current price hovering around $43,717. The cryptocurrency has made significant gains, touching a high above $45,000 before retracing slightly. Support levels are established at $42,429 and $41,190, which could cushion any pullbacks and offer entry points for buyers.

The RSI indicator is in the upper region, around 78, flirting with overbought conditions, which may signal a short-term consolidation or pullback before further upward movement.

Bitcoin Price Chart - Source: Tradingview
Bitcoin Price Chart – Source: Tradingview

If the bullish momentum continues, Bitcoin may retest the upper boundary of the channel, aiming for the $45,926 resistance level. Investors should watch for potential RSI divergence which could precede a price correction, while also considering the broader market sentiment influenced by regulatory news and economic factors.

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