Bitcoin scores $44K and reinforces a cautious but optimistic sentiment on March 24th. Will it flip the mark into support?
shows that after trading near $43,000 throughout the morning session on March , a midday spike lifted the price of BTC to an intraday high at $44,186 where it bumped up against a major resistance zone.A look at the weekly chart shows that “Bitcoin is breaking out from the weekly ascending triangle,” according to market analyst and pseudonymous Twitter user Rekt Capital’, whoBTC/USD 1-week chart.
While the quick move up has many proclaiming a return of bull market conditions, Rekt Capital warned that “for BTC to confirm this breakout,” it “needs to flip the ascending triangle top into support .”Related:
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