Summer is here and it’s full of highs and lows, periods where the markets are strong can easily be replaced by fear and huge sellouts.
Bitcoin Price Analysis March 2023: BTC Price Surges Past $26K as Bulls Target $30K
Bitcoin price began a crucial recovery rally from the $22,000 support zone. Now, BTC price is trading above the $26,000 level, aiming for a bullish breakout towards $30,000.
Bitcoin price showed a strong rebound from the lower support levels. Now, BTC price is aiming for a bullish breakout towards the $30,000 resistance zone.
Bitcoin Price Analysis March 2023 - Key Points
Bitcoin price showed a strong rebound from the lower support levels.
Now, BTC price is aiming for a bullish breakout towards the $30,000 resistance zone.
A clear breakout above $30,000 could lead to a massive rally towards $36,000.
Bitcoin price began 2023 with a bullish note. After forming a local top at $20,000 in December 2022, BTC price began a recovery rally. Now, Bitcoin price is trading above the crucial resistance zone of $26,000, aiming for a bullish breakout towards $30,000.
After forming a local top at $20,000 in December 2022, Bitcoin price showed a strong bearish breakout from a rising channel. This bearish breakout led BTC price towards the lower support zone of $22,000-$22,200.
Bitcoin price showed a strong bullish reaction from this lower support zone. Now, BTC price began a recovery rally from this lower support zone, aiming for a bullish breakout towards the upper resistance zone of $29,000-$30,000.
A clear breakout above this upper resistance zone could lead to a massive rally towards the next resistance zone of $36,000.
On the other hand, if Bitcoin price fails to clear the upper resistance zone of $29,000-$30,000, then BTC price could show another bearish breakout from the rising channel.
Bitcoin price is trading at $26,233 at press time. Now, BTC price is showing a gain of 6.3% in the past seven days. Also, BTC price is up 39.3% in the past 30 days.
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