Technical Analysis for BTCUSD for 3rd March 2023
Bitcoin Crashes Below Consolidation, Path Back to $21.5k?
Past Performance of BTC
Bitcoin Technical Analysis
The bear bar of March 3 defines the short term. It is a breakout bar and wide ranging, marking a continuation of the February 24 candlestick. Since the coin is now below the previous consolidation, traders may look to short on every attempt towards $22.8k while targeting $21.5k in the short term.
What to Expect from BTC
From a top down preview, buyers are in control. However, after today’s bear breakout, the short term trend has switched to bearish. Support will be the immediate targets at $21.5k and February lows.
Resistance level to watch: $22.8k
Support level to watch: $21.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
CryptoAltum does not accept any clients under the age of 18.