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.
-Bullish scenario
Right now Bitcoin is moving sideways consolidating between levels 3882 to 3919 for the past day and half. Bitcoin if turns bullish will break past support level 1 to make a new high on these support levels while again. Then after going sideways for a will then again try and retest resistance level 1.
-Bullish scenario
Right now Bitcoin is moving sideways consolidating between levels 3882 to 3919 for the past day and half. Bitcoin if turns bullish will break past support level 1 to make a new high on these support levels while again. Then after going sideways for a will then again try and retest resistance level 1.
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