short positions: Not a major change since our previous update. BTC/ USD BitStamp 4-Hour chart BTC/ USD BitStamp 1-Day chart Bitcoin Price Analysis Mar.13: BTCs Consolidation Could End Soon. A breakout and the bulls can see 5K closer than ever. To receive alerts, please allow web browser notification permission. BTC price needs to settle above the trend line and the 6,750 resistance for a positive bias. Bitcoin will be facing the critical level. The final important support for the current wave is near the 6,050 level, below which the price could decline towards 5,500. Please allow notification to receive alerts.
This is from our latest BTC price analysis : Bitcoin is forming a symmetrical triangle. The daily trading volume: Weve pointed out that the green volume candles are much higher than the red ones, something that could tell on accumulation. And the direction was bullish: Maybe Bitcoin wanted to join the party and take part in the new Altcoin Season? Even though a correction should be reached sooner or later, this is healthy. Another sign could be coming from the Stochastic RSI oscillator. USD is likely to make the next move either above 6,750 or below 6,050 in the medium term. The daily chart s RSI level: Following our previous BTC analysis, the 60 RSI level had supported the.
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