17th March - Crypto Technicals & Market Watch
If the bears can sustain the price below $4,400, a retest of the recent lows at $3,803.58 is possible.If the bulls again buy the dips below $5,000, the BTC/USD pair might attempt a bounce back to $6,000.We can see a few days range bound between bulls and bear.We wait for a positive trade opportunity.
The bears have resumed their selling and has dipped below $117.090 once again.The pair below $84.25, if successful, the downtrend will resume and the next major support is at $50.If the pair rebound off $100 or the support at $84.25, the bulls will once again attempt a relief rally. Levels to watch on the upside are $139.386 and above it $155.612. We wait for a positive trade opportunity.
If the bears succeed in breaking below a retest of the recent lows at $0.1140 is possible. If this support cracks, it can exceed to $0.10 and below that $0.075.if the bulls can push the price above $0.17468, a rally to at $0.20 is likely. We wait for a positive trade opportunity.
A positive sign pair has again risen to about $169.62 levels. If the bulls can sustain the price above $200, a rally to $264 is possible. On the other hand, if the bears can sink the pair below $141.11, a drop to the next support at $105 is possible.
Disclosure: The author holds no cryptocurrency at the time of writing.
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