The price of Bitcoin (BTC) surged and broke above the moving averages on April 7.
However, the bullish momentum failed to break through the $75,000 barrier.
BTC price long-term prediction: bullish Technical indicatorsKey supply zones: $120,000, $125,000, $130,000
Key demand zones: $70,000, $65,000, $60,000
Bitcoin price indicators analysis 
Bitcoin is declining following its rejection at the $74,000 mark. On the 4-hour chart, the cryptocurrency price is confined between the moving average lines. Selling pressure may resume if the price falls below the 50-day SMA support. A break below the 50-day SMA support could push the price to just above $70,000, and then to $68,000. Meanwhile, the price remains above the $70,000 level.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data 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 viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
