![](https://daytradingreports.com/wp-content/uploads/2024/02/1706854755-2-3-PBbDrB-800x450-yi5gBj-800x400.jpeg)
Tesla’s Bitcoin Dilemma: To Sell or Not?
Bitcoin Price Prediction
Bitcoin‘s market performance today showcases a positive movement, with its price at $42,945, marking over 2% increase in the last 24 hours. Currently leading the cryptocurrency market with a rank of #1, Bitcoin has a live market cap of $842.32 billion, based on a circulating supply of 19.62 million BTC out of a total 21 million.
In the 4-hour chart, the pivot point is set at $42,635. Resistance levels are identified at $43,844, $44,585, and $45,558, while support lines stand at $41,876, $40,918, and $40,123. Technical indicators reveal an RSI of 55, suggesting a moderate buying interest. The MACD indicator shows a value of -36 against a signal of 157, indicating a mixed momentum, while the 50-day EMA at $42,105 supports the current uptrend.
Bitcoin Price Chart – Source: Tradingview
Bitcoin’s chart pattern forms an upward channel, with the RSI and supportive channel pointing towards a bullish trend around the $42,600 level. The technical outlook for Bitcoin is bullish above the pivot point of $42,635, suggesting potential for further gains if it maintains above this threshold.
Top 15 Cryptocurrencies to Watch in 2023
Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023. Our list has been curated by professionals from Industry Talk and Cryptonews, ensuring expert advice and critical insights for your cryptocurrency investments.
Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.
The post Bitcoin Price Prediction: BTC Hits $43,000 Amid Tesla, El Salvador News; US Nonfarm Payrolls in the Spotlight appeared first on Cryptonews.