On Tuesday, the price of bitcoin bounced back from $40,000 to $36,000. The 200 Simple Moving Average limits Bitcoin's quick upward movement (SMA) Bitcoin will most certainly rise to $44,000 if it breaks above the SMA. Bitcoin will certainly rise to $44,000 if it breaks above the immediate obstacles, before bulls plan a run to $48,000. As a result, balancing over $40,000 is critical for the upswing.