Bitcoin Technical Analysis
On March 21st bitcoin failed to break local resistance levels at 4066. That same day bitcoin fell to support levels at 3960 where it began to consolidate between 3960 to 3997. That support turned into resistance four days later on March 25th where it dropped almost 2% to its new local support levels which are between 3888 to 3925.
-Bearish scenario
Bitcoin will go sideways on this support level maybe for a couple of more days until the bears can’t take the pressure of the bulls and fall back to our support level 2. After days have past of consolidation on support level 2 if the bears can’t hold these level it will soon turn into resistance.
-Bearish scenario
Bitcoin will go sideways on this support level maybe for a couple of more days until the bears can’t take the pressure of the bulls and fall back to our support level 2. After days have past of consolidation on support level 2 if the bears can’t hold these level it will soon turn into resistance.
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