BTCUSD on the 1D chart is sitting at 200DMA line. It first broke through on Feb 28, 2025 and closed above. Weekend news on crypto reserve from President Trump generated a quick pump and dump.
As of late day March 3, it touched the 200DMA again and has held above.
Next move:
On a break, next major support is around 72870.
On a bounce, target at congestion zone between 96000 to 100000, with significant ceiling from the 50 and 100DMA at 97000 and declining.
Market-moving fundamental news can be expected around the U.S.crypto summit on March 7th. BTC may be (relatively) range-bound until then.
As of late day March 3, it touched the 200DMA again and has held above.
Next move:
On a break, next major support is around 72870.
On a bounce, target at congestion zone between 96000 to 100000, with significant ceiling from the 50 and 100DMA at 97000 and declining.
Market-moving fundamental news can be expected around the U.S.crypto summit on March 7th. BTC may be (relatively) range-bound until then.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.