U.Today Franchise
F2Pool

Bitcoin Shot 03/11: After an aggressive squall of sales, Bitcoin Price Miracle

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Vadique Magenta
    📰 News

    After an aggressive squall of sales, Bitcoin price consolidation is nearing

Bitcoin Shot 03/11: After an aggressive squall of sales, Bitcoin Price Miracle
Cover image via u.today

Over the past night, buyers by some miracle managed to keep the Bitcoin price level at $8,400 (1) and avoided the acceleration inside the downtrend to the ​​area around $7,800 (4).
 

Picture 1



The channel itself is divided into two registers (2) and as we move closely to the upper boundary, any intended purchase can get support and return to a fair price at the level of $9,250 in current accumulation (3).

In general, volumes for sale fall (5) and without a breakdown to the level of $8,400 sales can exhaust their potential.

In this case, we are waiting for consolidation in the range of $8,400-$9,500, which certainly will play in favor of the buyers who will catch a break and have a chance to recover after such an aggressive squall of sales.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Vadique Magenta is a financial analyst with experience in cryptocurrency trading.

Recommended articles
CLOUD MININGPromoted