What levels are traders interested in as BTC approaches a key weekly close?
BTC/USD annotated chart. Source: Crypto Tony\/Twitter
Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, was optimistic on the short-term outlook, even as BTC/USD drifted lower over the weekend. "Are we staying above $26,800? Answer is clear; yes. This means, trend will continue to last until $26,800 is lost. Looking for a final sweep into $28,300-28,900 and then reversal," part of analysis on March 18A subsequent post on the day nonetheless underscored the importance of nearby support just $300 below current spot price."Had two tests now. If we get one more test, it will probably break and cause a deeper and harsh correction. Holding above -> $28,500 next.
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