Bitcoin’s Price – Analysis for March, 19th
Bitcoin in the short term managed to climb up from $56,950 to over $59,000. This happened within 48 hours. Its recent level is very close to meeting some resistance as it reaches $59,300. It is very likely that bulls will push its price even higher.
It took Bitcoin 40 hours to get very close to this barrier three times. The buyers tried to break it but failed, and the sellers managed to drag the price down. Both had big trading volumes, and this resulted in forming a Dodji candle.
Bitcoin tested the support level of $56,200 again. This may be the sign of its recovery. To make an attempt of achieving $60,000 it is crucial that the support levels of $58,000 and $56,200 are well protected within the next few days.