Editor's Picks News

BTC / USD: technical analysis of the course, March 16-17, 2019

Bulls in the Bitcoin market are fixed at a new price level, above the key resistance of $ 3,945.

Four-hour chart pair BTC / USD

The breakthrough of Bitcoin prices above the first key resistance level of $ 3,945 was evident when the bulls began to actively absorb the sales volumes on March 15, which were concentrated at the local resistance level of $ 3,910.

On a strong upward impulse, the BTC price overcame sales resistance at the R1 level and tested the key level R2- $ 4010 with a false breakdown. The session maximum of the bitcoin price paired with the US dollar on March 16 is fixed at around $ 4037.

March 16 BTCUSD H4
March 16 BTCUSD H4

At the time of the market review, BTC / USD is listed at $ 3,977. The price of the cryptoactive asset is adjusted after strong growth, and the bulls need to keep the price above the level of $ 3,945, which is currently reinforced by the moving average EMA14, in order to maintain the advantage of the largest cryptocurrency currency in the medium term.

.

Related posts

Japanese financial giant SBI to launch CFDs for Bitcoin, Ether and XRP

ibrahim

In 2019, the Ministry of Finance exceeded the plan for foreign currency loans twice

alfonso

Binance 2.0 is almost ready

alfonso