Bitcoin Price Analysis -Week 4 [March 2019]

Bitcoin price is trading upward with 2.4% increase in its price during the last 7 days. During the last week of the month it was trading above $4,000 showing bullish movement in its price.

Bitcoin Price Analysis

Bitcoin Price has shown some positive moves in its price during the week.. It has broken the resistance levels of $4,000, $4,050 and $4,100. If we look at the price history then it was trading above the support level of $4,000.

Last 24 hours low and high price was 4,073.37 / $4,118.04 for btc/usd. If we see the 14 days trend then there was an increase in its price by 2.5% with low and high at $3885.52 / $4123.82 respectively .

As per the news from www.ccn.com, Tim Sloan, CEO of Wells Fargo is retiring, and it can have some positive impact on the bitcoin price in coming time.

Bitcoin Weekly Price Trend

For the next week:

  • Support level seems to be ok at $4,000
  • Major resistance level could be $4,150




Data Source: coingecko

Disclaimer: We do not encourage or suggest anybody to invest in Bitcoin and other Cryptocurrencies, please do your own full research and follow the law/rules as per your country standard.

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Author: Manoj Raturi

I am a Blockchain Technology enthusiast and love to read and write about it.

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