Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Hometown on March 29, 2021, 07:01:43 AM
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Bitcoin price started a steady increase and tested the $56,500 zone against the US Dollar. BTC is now correcting gains, with many supports near $54,000.
Bitcoin traded as high as $56,694 before starting a downside correction.
The price is still above the $54,000 support and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $55,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to find a strong buying interest near the $54,000 support zone in the near term.source (https://cryptonews.net/503142/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)