Bitcoin (BTC) Price Prediction Analysis for March 30
Bitcoin (BTC) has increased slightly by 0.61% but fell 2% over the past week, with a bearish outlook on the hourly chart. A potential drop to $82,000-$82,500 is possible if local resistance is breached. A midterm false breakout at $87,470 indicates further declines could occur, potentially testing $78,000 if weekly candle closes below $80,000.
As the week comes to an end, the market is experiencing significant pressure from sellers, although some exceptions exist. According to CoinMarketCap, Bitcoin (BTC) has shown a slight increase of 0.61% since yesterday. However, the past week has seen a decline of 2% in its price.
The hourly chart for BTC indicates a bearish trend. Should a breakout occur from the local resistance, a decline toward the $82,000-$82,500 range is anticipated by tomorrow. In a broader time frame context, there have been no signs of reversal; volumes continue to decrease, suggesting that bullish momentum is currently lacking.
Traders might expect an additional drop, likely reaching the $81,000-$82,000 interval. From a midterm perspective, BTC experienced a false breakout above the $87,470 level, and if the weekly candle closes below $80,000, it may lead to testing the $78,000 area soon. At this moment, Bitcoin is valued at $83,030.
In summary, Bitcoin (BTC) is currently under pressure from sellers, with a recent 0.61% price increase offset by a decline of 2% over the past week. The bearish hourly chart suggests potential future declines if the local resistance is breached. Without signs of reversal and decreasing volume, traders should prepare for possible movement toward the $81,000-$82,000 region and monitor critical closing levels throughout the week.
Original Source: u.today
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