Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bears are becoming more active on the last day of the week, according to <a href="https://u.today/shib-price-prediction-for-march-9" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="2542668a-353b-46b8-a079-42f4e031921d" src="https://u.today/sites/default/files/inline-images/top10_984.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has increased by almost 2% since yesterday. Over the last week, the price has risen by 12.73%. <img data-entity-type="file" data-entity-uuid="df124f89-c81a-4beb-8909-d322cd4fdfca" src="https://u.today/sites/default/files/inline-images/btc1_177.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's rise, the price of BTC remains bullish on the hourly chart. At the moment, it is near the local resistance level of $69,981.
If bulls can hold the gained initiative, there is a chance of a breakout followed by a move to the zone of $70,000 and above. <img data-entity-type="file" data-entity-uuid="eae71c9d-629e-4f8a-85c1-7b6ee23237c7" src="https://u.today/sites/default/files/inline-images/%D0%B8btc2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should pay attention to the daily closure in terms of the level of $69,210. If the candle closes above that mark and with no long wicks, the growth may lead to a new all-time high. <img data-entity-type="file" data-entity-uuid="f3cdcb76-749b-4f61-bc23-73ad3a23b568" src="https://u.today/sites/default/files/inline-images/btc3_156.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, there are also no reversal signals yet. If the weekly bar closes above the $69,000 mark, there is a high possibility of a test of the $70,000-$71,000 area next week.
Bitcoin is trading at $69,801 at press time.

Bitcoin (BTC) Price Prediction for March 10

Table of Contents

U_Today

Outros artigos publicados em 10 de mar. de 2024

The Beginner’s Guide To Stonk-O-Tracker

Elon Musk’s Connection to OpenAI Unveiled: A Bid to Salvage Tesla

Vitalik Buterin Draws Attention to the Danger of Quantum Computers in Ethereum: Can Users’ Funds ...

AI Overload – ChatGPT’s Energy Consumption Raises Eyebrows

Why BNB Chain’s new milestone should concern you

XRP on the Path to Surpass $3.4, Predicts Attorney Bill Morgan

Join our free newsletter for daily crypto updates!