Bitcoin Price Analysis -Week 3 [March 2019]
Bitcoin price was above the support level of $3,900 during the week. If we look at the bitcoin price history then it traded above $3,958 in third week. During the week it observed a decrease in its price by 0.3%.
Bitcoin Price Analysis
As discussed in last week analysis Bitcoin Price was above the support level $3,900 and the price remained bullish. It has broken the resistance level of $3,950, $4,000, $4,030 and $4,050. On 21st there was seen an fluctuation in price by $97 when it went to $4,055 on upper side and came down to $3,958 on the same day.
Selling interest was near $3,980 and the price remained above it. If we look at the trends then bitcoin price can uphold the support level above $4,000 and it can get some fresh upward moves. On the down side, $3,950, $3,980 seems to be support level for the next week.
For the next week:
- Support level seems to be ok at $3,920
- Major resistance level could be $4,050
Data Source: coingecko
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