Bitcoin has roared back to $24000, indicating strong demand as traders turn cautious fearing more bank failures.
[DOGE](https://cointelegraph.com/doge-price-index)) turned up from $0.06 on March 10 and rose above the $0.07 resistance on March 12. A break below this crucial support could accelerate selling, and the SOL/USDT pair may tumble to $12.69. The pair may then ascend to the 200-day SMA ($0.39) and later to $0.43. That could first push the price to $0.10 and eventually to $0.11. If the price turns down from the current level, the pair may retest the strong support at $0.30. The ETH/USDT pair rose back above the 20-day EMA ($1,565) on March 12, indicating that bulls are back in the game. [BNB](https://cointelegraph.com/binance-coin-price-index)) completed a bearish H&S pattern on March 9, but the sellers could not build upon this negative setup. If buyers surmount the resistance at $1,743, the pair could soar to the psychological level at $2,000. The selling pulled the price below the 20-day EMA (104) on March 13. This positive view could invalidate if the price turns down and plunges below the 200-day SMA. Contrarily, if the price turns down from the overhead resistance, the pair may oscillate between the 200-day SMA and $25,250 for a while longer. Bitcoin [climbed back above $24,000](https://cointelegraph.com/news/us-bank-bloodbath-bitcoin-hits-23-7k-as-btc-price-analyst-call-svb-dip-bear-trap) on March 13, covering a large distance from the $19,549 local low hit on March 10.
The Bitcoin (BTC) price bounced over the weekend, saving a potential breakdown in the process. But, the trend is still undetermined.
[weekly chart](https://beincrypto.com/learn/how-to-read-crypto-charts/), the daily one provides some mixed signs. However, the sub-wave count (red) in wave one is extremely unusual. Whether the price falls below $18,387 or increases above $25,250 will help determine the future movement. If so, it has begun the fifth and final wave of an upward movement that will take it toward $28,000. The bullish one suggests that BTC has just completed a fourth-wave pullback. As a result, the first count is more likely. A breakout from the top of the range could lead to an increase toward $28,000. The bearish count suggests that BTC is in a corrective wave two and will decrease again. Last week, the Bitcoin price created a massive, long lower wick (green icon). The BTC [price](https://beincrypto.com/price/bitcoin/) bounced on March 10, validating the previous channel as support. Firstly, it saved a potential breakdown from the $21,000 horizontal area. However, the future trend’s direction has yet to be determined.
After the crash of two major crypto banks wreaked havoc in the crypto market last week, it seems like some of the top cryptocurrencies are showing some ...
The altcoin is, however, still down by more than 11% over the last week. Its 24-hour trading volume stands at $324,886,914 after a more than 35% increase since yesterday. Both of these altcoins are also now up by more than 1% over the last seven days. ETH is currently boasting a 10.07% price increase over the last day, and is now trading hands at $1,617.53. This has also impacted BTC’s weekly performance as the crypto is now up by 0.30% over the last week despite the drama in the market over the past few days. CoinMarketCap indicates that the global crypto market cap is up by more than 8% to now stand at about $1.03 trillion.
A considerable degree of increase in coin value is being detected due to the bullish pressure building on the crypto market. The daily trading volume is also on ...
The four-hour and one-day technical indicators all suggest that the bulls are in control as they maintain their grip on the market. The 50-day MA stands at $22,090, while the 100-day MA is at $24,619. The upper Bollinger Band is at $25,109, which may act as a resistance level, while the lower Bollinger Band is at $20,292, which may provide support in case of a pullback. The four-hour Bitcoin price analysis also dictates an uptrend, as the bulls have been maintaining their lead quite efficiently. On the other hand, if the buyers fail to push past this point, then there is a chance of a pullback. The daily trading volume is also on the rise as buyers continue to maintain their grip on the market.
Bitcoin marked a magnificent recovery in a short while and withstood the extreme bearish pressure caused by the fallout of the crypto-friendly bank, SVB. While ...
On the day when the bank stocks are in free fall, Bitcoin price soars high which is a clear indication of a safe harbor to those fleeing debasement and counterparty risk. A fine upswing beyond these levels may pave way for the tokens to rise beyond $50W MA levels, beyond which the bull run could be validated. While the US economy is believed to get badly hit by the recent development but the crypto space is thriving and marking new intraday highs.
According to crypto analyst Rekt Capital, BTC's weekly close above $21770 has invalidated a double top formation after rallyin 11% to highs of $22500.
It is possible BTC/USD will continue this intra-range consolidation, Rekt Capital has predicted. Breaking higher from this zone once again could catalyse further upside momentum, with next targets in the $23,400 region. “It’s incredible how the #BTC Weekly Close of last week invalidated the Double Top formation.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. Bitcoin ROI. If you ...
As the first cryptocurrency, Bitcoin is the best known of the more than 5,000 cryptocurrencies on the market today. But the ins and outs of this cryptocurrency can be difficult to understand. Over the past 90 days, it has increased to its current price of £18,448. As of now, a total of 19,316,175 Bitcoins have been mined. Purchasing Bitcoin is speculative and you may lose all of your investment. he Bitcoin (BTC) price today, as of 9:11am, is £18,448, according to CoinMarketCap.