Bitcoin priisanalyse - Bitcoin ferskynde swak nei't er nachts 6% ferlern hie, sille bears wer oernimme?

Michael Fasogbon

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• The price of Bitcoin remains trapped within a symmetrical triangle on a weekly chart.
• Bitcoin is likely to resume bearish if the price drops below the daily low – $5677

Last week, the cryptocurrency market saw a significant volume, which made Bitcoin recover about 20% (from $4500) to reach a high of $6929. However, Bitcoin dropped back and closed around $5800 for the week. Following the latest price actions, Bitcoin is currently trading around $5845 with 6% loss overnight. We can expect a decent recovery if Bitcoin can reclaim $6000. Otherwise, a slow drop may roll BTC back to $5000.

Wichtichste wjerstânnivo's: $ 6200, $ 6900
Key support levels: $ 5677, $ 5000

Bitcoin (BTC) Price Analysis: Weekly Chart – Neutral

Looking at the weekly chart, we can see that Bitcoin showed some respect to the symmetrical triangle pattern after dropping to an 8-month low ($4000) in the past weeks. Following a recent bounce from the triangle’s support, Bitcoin is slowly gaining momentum back.

BTCUSD, wyklikse grafyk - 23 maart

If the market continues to show strength again, we can expect the price to reach the triangle’s resistance in no time. The first level of resistance is $6900, which is last week’s high. An increase above this level would allow more gains to $8000. In case of bearish extension, the support to look out for is $5000 and $4000 level, which is slightly below the triangle pattern.

Priisanalyse fan Bitcoin (BTC): Deistige grafyk - Bullish

Though Bitcoin has lost some value over the past few days but considering the previous lows, which is supported by a white diagonal support line, we can say that Bitcoin is still bullish on the daily chart. However, the bears might regain control if Bitcoin pulls back beyond this rising trend line.

BTCUSD, Deistige kaart - 23 maart

If BTC closes below today’s low ($5677), the price is likely to roll back at $5000, which is beneath the white rising trend line. On the other hand, Bitcoin could bounce back to $6200 and $6900 (last week’s high) if the buyers turn active in the market.

BITCOIN KOOP ORDER

Keapje: $ 5750
TP: $ 6200
SL: $ 5700

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Michael Fasogbon

Michael Fasogbon is in profesjonele Forex-hanneler en kryptokurrency technyske analist mei mear dan fiif jier hannelsûnderfining. Jierren werom waard hy hertstochtlik oer blockchain-technology en Krypto-munt fia syn suster en folge sûnt de merkgolf.

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