Bitcoin [BTC] Price Analysis - 20/03/2020

in #bitcoin • 5 years ago

BTC Adds 15% but $6,500 Is a Critical Resistance Level

Bitcoin Daily Chart for Mar 20.png

It has been a relieving 24 hours for BTC bulls. Up 15% with increasing trading volumes, prices are inching higher.

But still, BTC/USD structure is bearish following March 12 candlestick that broke below long-term support. While bulls edge higher, risk-averse traders should wait until bear pressure is invalidated.

You can read the full analysis at this link.

https://crypto-economy.com/bitcoin-btc-price-analysis-adds-15-but-6500-is-a-critical-resistance-level/

#btc #price #market
5 years ago in #bitcoin by
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