Bitcoin Price Analysis & Prediction (Mar 21st) – BTC Resumes Bullish After Correction, is $28k The Next Level to Watch?

2023-3-22 04:07

After two-week of meltdowns, Bitcoin found solid support and started to show strength. The price has recovered fully over the past days as it resumes trading above $26k.

Bitcoin started to recover last week following a quick bounce from $19.6k, which happened to be its lowest price in two months. It further pushed higher and closed the week well above the important $20k mark level.

This week, it reiterated actions and surged heavily through the crucial resistance line to mark a 9-month high at $26.4k. Unfortunately, the high level was rejected and the price fell slightly below $24k. It bounced back yesterday and resumed the rally.

The primary cryptocurrency is on the verge of breaking the recently marked high to a new one. There’s no doubt that Bitcoin’s levels have changed as it poses to take more highs. The May 2022 lows are the potential levels BTC is likely to head next in the ongoing rally

And even though the current price level suppresses buying pressure again, Bitcoin may pullback a little to refuel bullish to the mentioned potential levels

However, it is noteworthy to say that Bitcoin has completely reversed the trend from a mid-term perspective considering the past week’s 33% gains. More positive actions should be expected in the coming days.

Bitcoin’s Key Levels To Watch Source: Tradingview

One of the resistance levels to watch is close at $26,689, which marks the May 2022 lowest price. A hidden resistance level of $27.3k is the next area of interest, followed by the psychological $28k resistance level. Above it lies $28.5k.

If Bitcoin’s price drops, the current pullback level lies at $26k on an hourly scale and $22,255 on a daily. A deep pullback could slip the price to $24,277 and $23,463. The 22,300 and $21,550 supports are key levels to keep in mind for a retest.

Key Resistance Levels: $26,689, $27,300, $28,000

Key Support Levels: $25,255, $24,277, $23,463

Spot Price: $26,300 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: alexan107/123RF // Image Effects by Colorcinch

origin »

Bitcoin (BTC) на Currencies.ru

$ 82017.09 (+0.02%)
Объем 24H $29.377b
Изменеия 24h: -1.51 %, 7d: -7.30 %
Cегодня L: $80441.76 - H: $82217.47
Капитализация $1626.946b Rank 1
Цена в час новости $ 28404.97 (188.74%)

bitcoin price resumes started days past fully

Источник: nulltx.com

bitcoin price → Результатов: 126


The Fed is expected to cut interest rates twice in 2025, what might this mean for the Bitcoin price?

The cryptocurrency market has gone mainstream. It is no longer retail investors’ assets as institutions globally are investing in Bitcoin and other major cryptocurrencies.   As a risk-based asset, Bitcoin’s price is affected by central bank policies, especially those from the United States Federal Reserve.

2025-2-18 15:05


Bitcoin Price Remains Bullish As Monthly Stochastic Sits Above 80, Here’s Why

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. […]

2025-1-15 18:30


Extremely Bullish 88-Day Structure Appears On Bitcoin Price Chart After Hitting $105,000 ATH

The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.

2024-12-16 11:30


Are Bitcoin Whales Still Holding For Higher Profit? This On-Chain Signal Suggests So

The Bitcoin price performance in 2024 is one for the history books, with the premier cryptocurrency crossing the $100,000 mark for the first time ever. However, hitting this milestone opened the door to another conversation — when will the market top be in? As a result, several predictions of the Bitcoin price top have emerged […]

2024-12-15 12:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Sen. Lummis Reintroduces the BITCOIN Act: Bitcoin Jumps 6%

Sen. Cynthia Lummis has reintroduced the BITCOIN Act, a bill that would authorize the U.S. government to acquire an additional one million Bitcoin—effectively codifying President Donald Trump’s newly established strategic Bitcoin reserve while taking it a step further.