Goldman Claims That Bitcoin Is the Best-Performing Asset

Historically, BTC has outperformed the world’s traditional assets and main investing sectors. These industries include, among others, information technology and communication services. Recent data from Goldman Sachs show that, as compared to gold, the rate of rise of Bitcoin and periodic ROI has been higher.

It is important to note that during the period from late 2021 to the year 2022, crude oil’s price briefly declined in addition to that of Bitcoin. Bitcoin has been advancing recently as it keeps breaking through important resistance. Given the hawkish monetary policy of the US Federal Reserve and the failure of the Silicon Valley Bank, Bitcoin continues to rise against the majority of negative analytical projections.

Key Bitcoin Levels To Watch – March 19

Due to the massive expansion from the discount to the upside, BTCUSD broke the previous resistance of $18385.0 while creating a liquidity void in the process. The market continued to expand upward, though with decreasing momentum and along with diagonal support.

The bullish move ended immediately after the price hit the $25215.0 resistance. Price swerved downward to break the diagonal support and tap into the liquidity void. According to the Relative Strength Index (RSI), BTC is almost overbought, therefore a retracement is imminent.

Bitcoin Key Levels

Resistance Levels: $32384.0, $25215.0, $21478.0
Support Levels: $18385.0, $16967.0, $15460.0

Total Market Capitalization: $1.18B
Bitcoin Market Capitalization: $543.05B
Bitcoin Volume: $33.32B
Market Rank: #1

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