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From the midterm point of view, one should focus on the weekly candle closure in terms of the $44,729 level. If the bar closes near it, there is a possibility of a price blast to the $46,000-$47,000 zone. While this short-term play shows promise of a quick upside, investors need to be mindful of the big picture as well. As mentioned in a previous publication, Bitcoin price needs to produce a daily candlestick close above $48,222 to sustain the uptrend outlook. Traders can conduct technical and fundamental analysis when trading the BTCUSD on a crypto exchange to see: is bitcoin going up or down. You also need to check the economic calendar and monitor political and economic news to make a Bitcoin [https://crazebtc.com/ dollar cost averaging crypto] price prediction. In technical analysis, you can use various indicators to make your Bitcoin price forecast based on previous market trends.