Weekly Technical Analysis of Bitcoin Price March 2

Bitcoin crashed back on February 27 again in the downtrend line ($ 3,784). As long as the high moving average lines remain, there will be a gradual growth of up to $ 4.255.

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Bitcoin crashed back on February 27 again in the downtrend line ($ 3,784). As long as the high moving average lines remain, there will be a gradual growth of up to $ 4.255.
The SMA is now fifty-fifty flat, but the twenty-day moving average (EMA) is upward and the RSI index is in the positive range.

Bitcoin Big Resistance is closed at $ 4,255. Breaking this resistance can complement a two-ply pattern that will bring good growth. In the event of a breakdown of $ 4,255 resistance and completion of the two-ply pattern, the price growth is not far off to $ 5,270.

On the other hand, if bitcoin fails to reach the top of the $ 3,900 limit, we can expect a fall of 3,600 and below $ 3,355. Traders can consider Stoploss at $ 3,236.