Bitcoin Price Prediction A move to $ 34,500 would bring $ 36,000 into play

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For the afternoon to come

Bitcoin is expected to break through the $ 34,050 pivot to trigger the first major resistance level at $ 34,784.

However, broad market support would be needed for Bitcoin to break out of the $ 34,500 levels.

Barring a widespread crypto rebound, the first major resistance level and resistance at $ 35,000 would likely cap any rise.

In the event of a prolonged crypto rally, Bitcoin could test resistance at levels of $ 36,000. The second major resistance level is located at $ 35,324.

If you don’t get back to the $ 34,050 pivot, the first major support level at $ 33,510 would roll over.

Unless an extended afternoon sell-off, however, Bitcoin should avoid support levels below $ 33,000.

The second major support level is at $ 32,776.

Beyond the support and resistance levels, we saw a bullish cross this morning, with the 50 EMA breaking through the 200 EMA.

We also saw the 100 EMA tighten on the 200 EMA supporting an early rise before falling into the red.

By late morning, the EMA 50 narrowed on the EMA 200 and EMA 100 suggesting a possible reversal.

A further narrowing of the 50 EMA on the 200 EMA this afternoon would bring support levels back into play.

The key for the afternoon would be for Bitcoin to cross the pivot at $ 34,050 to avoid another day in the red.

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