Weekly Technical Analysis of Bitcoin Price March 30

As we write this analysis, Bitcoin has continued to move toward a solid $ 4.255 resistance. Since December 2018, resistance of $ 4,255 has not been broken, so the dam is one of the biggest obstacles to the upswing of the King of Digital Currencies.

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As we write this analysis, Bitcoin has continued to move toward a solid $ 4.255 resistance. Since December 2018, resistance of $ 4,255 has not been broken, so the dam is one of the biggest obstacles to the upswing of the King of Digital Currencies.

If Bitcoin could pass a $ 4,255 resistance, the double bottom model will be formed, which is likely to hit the target of $ 5,273 after some minor resistance.

Both moving averages are moving up and the RSI index is in the positive region. These show that at these levels, the power of buyers is more than sellers.

From a downside, if Bitcoin fails to move from a $ 4.25 barrier, it will again fluctuate at $ 4.255 to $ 3.236. After a quick market devaluation, flooring may be time-consuming, but no matter how long it takes, the next climb will be more powerful.

Short-term traders can consider $ 3,750 as a stop loss, and long-term traders can set this at $ 3,500. Bitcoin's psychological support is still closed at $ 3,236, which if we break it, we can expect a very strong downside.