• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Bitcoin

Analysts Expect Bitcoin to See Major Volatility as BTC Nears Critical 4,200 Resistance Level

Cole Petersen by Cole Petersen
2 years ago
in Bitcoin, Cryptocurrency news
Reading Time: 2min read
Bitcoin BTC
Advertisement
Listen to Article

After breaking decisively above the important resistance level of $4,100 yesterday, Bitcoin (BTC) has continued to climb and is now nearing its next key resistance level of $4,200 that has proven to be incredibly strong over the past month.

Analysts now expect Bitcoin to incur some major volatility in the near future as it approaches this price level, and one analyst believes that a decisive break above $4,200 could lead BTC to surge towards $4,600.

Bitcoin Continues Climbing After Breaking Above $4,100 

At the time of writing, Bitcoin is trading up over 1% at its current price of $4,160. Yesterday was the first time in a long time that BTC was able to break above $4,100 without being swiftly pushed back down, but its strongest level of resistance remains at $4,200.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

$4,200 was first established as a resistance level in late-February when Bitcoin rapidly climbed from $3,600 to over $4,200, where it found strong selling pressure that sent it spiraling downwards towards $3,700.

On this past Saturday, this price level was further proven to be a resistance level, as BTC’s price jumped from below $4,100 to slightly above $4,200, which is where it then dropped back to $4,100.

Although this has not yet been established, it is possible that Bitcoin may find itself caught in a fresh trading range between $4,100 and $4,200 in the near future if it continues to find support at the former price and resistance at the latter price.

Financial Survivalism, a popular cryptocurrency trader on Twitter, recently spoke about the important levels of resistance that lie ahead for Bitcoin and noted that a break above $4,200 will likely lead the crypto towards its 200-day EMA, which exists at $4,600.

“Expecting volatility in crypto soon. $BTC is on a weekly green 9 while testing resistance cluster from: horizontal, trendline, & the 200 week EMA. If it makes it through $4,200 then the next major area of resistance would be the 200 day EMA which waits at $4,600,” he explained.

Expecting volatility in crypto soon. $BTC is on a weekly green 9 while testing resistance cluster from: horizontal, trendline, & the 200 week EMA. If it makes it through $4,200 then the next major area of resistance would be the 200 day EMA which waits at $4,600. pic.twitter.com/8Dq51sZB7G

— Tyler D. Coates (@Sawcruhteez) April 1, 2019

BTC May Need to Drop Further Before Surging

Although Bitcoin’s price action is appearing to be somewhat bullish at the moment, one analyst believes that the crypto needs to drop further before finding enough buying pressure to lead it higher.

TraderX0, another popular analyst on Twitter, shared his thoughts on the cryptocurrency’s current price action, explaining that he believes it will “smash down” before the major uptrend begins.

“$BTC – Something I have been thinking for a while… I don’t have any bias as such, but I’m always trying to understand which way price could go and why… I still believe we could wick up to 42 – 43’s… and smash back down… before the major uptrend,” he noted.

https://twitter.com/TraderX0X0/status/1112701388361027589

As the week goes on and Bitcoin’s price action continues to unfold, traders and analysts will gain a better understanding of whether or not $4,200 will continue to prove to be a strong resistance level, and if further losses are imminent.

Featured image from Shutterstock.
Tags: bitcoinbtccrypto
TweetShare59
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Related Posts

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Trouble for Bitcoin as 3 On-Chain Indicators Point to Potential Sell-Offs

18 hours ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Severe Liquidity Shock Ahead for Bitcoin Market, Warns JPMorgan

20 hours ago
regulations

Crypto Exchanges: Slow Shift to Classic Financial Industry Regulations?

22 hours ago
defi

11 DeFi Projects Rumored to Be Airdropping Tokens

2 days ago
Nimbus: The Next Big Thing in DeFi

Nimbus: The Next Big Thing in DeFi

2 days ago
ILCOIN

Age of ILCOIN: A Revolution in The Merger of VR With Blockchain-Based Gaming

2 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Coinbase Custody to Support Dvision Network (DVI)

January 26, 2021

A New Year – New Opportunities in Crypto

January 26, 2021

1xBit Introduces New Live Casino Tournament DEAL OR NO DEAL

January 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.