Bitcoin

Bitcoin price started a strong increase above the $24,000 resistance zone. BTC even surpassed the $25,000 resistance to move further into a positive zone. Finally, the price spiked above the $26,000 and $26,200 resistance levels. Near $26,526, a high point was reached, and then there was a sharp drop. The price went down by a lot below $26,000 and $25,500. It traded close to the $24,000 support zone.A low is formed near $24,051 and the price is now rising. The price of Bitcoin is trading above $24,000 and the 100-hour simple moving average. There is also a key bullish trend line forming with support near $24,750 on the hourly chart of the BTC/USD pair.Near the $25,300 level, there is an immediate block. It is close to the 50% Fib level of the recent drop from the swing high of $26,526 to the low of $24,051. Near the $25,600 zone is the next big area of resistance. It is close to the 61.8% Fib level of the recent drop from the swing high of $26,526 to the low of $24,051. A close above the $25,600 resistance might start a fresh increase towards the $26,000 resistance. Near the $26,500 area is the next key point of resistance. If the price goes above $26,500, it could gain bullish momentum and test $27,500.If the bitcoin price can&#39;t break through the resistance at $25,300, it could start to fall again. An immediate support on the downside is near the $24,750 zone and the trend line.Near the $24,000 area is the next big level of support. Below that, the price starts to fall. Near the $23,200 level is the next major support. If the price drops any more, it could get close to $22,500 and the 100-hour simple moving average.

Bitcoin Price Corrects Sharply But This Support Might Spark Another Increase

ItsBitcoinWorld

Weitere Artikel, die am 16. März 2023 veröffentlicht wurden

The 1st WEMIX AMA Recap with WEMADE CEO Henry Chang

RBI and CBUAE Sign MoU: Focuses on FinTech Enhancement

Top NFT Collection Reviews

ODoge Solidifies its Place in Bitcoin and Memecoin History with Acquisition of First-ever DOGE Or...

The Ultimate Guide to TRON Liquid Staking - Everything You Need to Know

Meet ProudNet & PlayDapp at the Game Developers Conference!

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!