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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Coin63@ on March 24, 2021, 05:59:28 PM

Title: Bitcoin Holds Support, Approaching Resistance Around $60K
Post by: Coin63@ on March 24, 2021, 05:59:28 PM

The long-term uptrend in bitcoin (BTC) remains intact, with support around $50,000. However, upside momentum continues to slow as bitcoin consolidates below the $60,000 resistance level.

The daily relative strength index (RSI) is back in neutral territory after reaching overbought levels earlier this month.
Previous episodes of RSI moving from overbought to neutral resulted in price recoveries along the 50-day volume weighted moving average.
Traders should monitor the break below trend support on the four-hour chart, which could limit upside around $58,000-$60,000. More:click (https://cryptonews.net/497372/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)

Title: Re: Bitcoin Holds Support, Approaching Resistance Around $60K
Post by: Sumaiya2 on March 25, 2021, 06:49:22 PM

The best time to hold Bitcoin or the dollar is long gone. A few months ago, the price of Bitcoin was much lower than if you had held Bitcoin at that time. Then there is the possibility of getting huge benefits from here today. There is still time to hold on. I support the possibility of further price increases in the future.