Published: March 10, 2026 at 9:59 p.m
Updated: March 10, 2026 at 10:07 p.m
The price of Bitcoin (BTC) resumed its high rally above the 21-day SMA barrier for the second time.
Long Term Bitcoin Price Prediction: Up
On March 2, buyers pushed the price above the 21-day SMA support, but the upward momentum met with resistance at $74,000. BTC then broke below the moving averages, but has since bounced back above the 21-day SMA support.
If buyers overcome the resistance at $74,000 and the 50-day SMA barrier, Bitcoin could reach $90,000. If Bitcoin does not break the last barrier, it is likely to fluctuate in the range above the support of $60,000 and below $75,000. Today, the price of BTC is $69,550.
Technical indicators
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Main Supply Areas: $120,000, $125,000, $130,000
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Key areas of demand: $90,000, $85,000, $80,000
BTC price indicator analysis
Bitcoin price is trading above the 21-day SMA support but above the 50-day SMA barrier. Moving averages are horizontal and indicate a sideways trend. On the 4-hour chart, the price lines are above the horizontal moving average. Since February 5, the price has fluctuated both below and above the moving average lines.
What is the next move for BTC?
Bitcoin price has regained momentum, but it remains above the $65,000 support level.
On the 4-hour chart, BTC is trading above $65,000 but below $75,000. The price has regained a position above the moving averages, but the positive momentum is facing initial resistance near $70,000. When the Doji candlesticks appeared, the price movement remained stagnant.
Disclaimer. This analysis and prediction is the author’s personal opinion. The information provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be considered an endorsement by Coinidol.com. Readers should do their own research before investing in funds.
