Altcoins are flashing some encouraging signals as Bitcoin price action begins to trade in a tighter range, which historically has preceded volatile price moves.
, in 2013 and in 2021. Therefore, the possibility of continued consolidation in March remains high.
What are the critical levels that may act as major roadblocks for the recovery in Bitcoin and altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.Bitcoin’s $22,800 level has been acting as a solid support in the past few days, which is a positive sign. This indicates that the sentiment remains bullish and traders are viewing the dips as a buying opportunity.
On the contrary, if the price turns down from $25,250, it will suggest that the pair may remain range-bound for a few days. A consolidation near the local highs is a bullish sign as it shows that buyers are not rushing to the exit. The bears will have to sink and sustain the price below $22,800 to dent the bullish sentiment. That may start a correction toward $20,000.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin 'millionaires' increased 140% as BTC price crossed $20K — dataWhen do BTC hodlers become millionaires? $20,000 is a magnet, says on-chain data.
Read more »
Bitcoin's least volatile month ever? BTC price ends February up 0.03%Who says BTC is too volatile? February's monthly close was 0.03% higher than the open.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Rebounds, Following Decline in US Consumer Confidence – Market Updates Bitcoin NewsBitcoin rebounded on March 1, as markets reacted to the latest consumer confidence report from the United States.
Read more »
Price analysis 2/27: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOLTraders are struggling to sustain the recovery in BTC and altcoins, but technical analysis points to some encouraging signals.
Read more »
BTC price needs to close February above 50-month trend line — analysisBitcoin attempts to crack the 50-month moving average in time for the BTC price February monthly close.
Read more »
BTC and ETH Price Analysis for March 1Can BTC and ETH rise at the beginning of the new month? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum sassal0x
Read more »