Mar 19,2021
Bee Column: BTC price analysis for March 19

Yesterday, buyers tried to restore the currency pair to the resistance level of $58,000. In the first half of the day, they were unable to break through $56,400. In the evening, the bulls formed a strong impulse, which allowed the price of Bitcoin (BTC) to overcome the resistance of USD 58,000 and gain a foothold near USD 59,000.

There may be a rollback this morning. If the price remains above US$58,000, the recovery price will continue to reach US$60,000. If the shorts break above 58,000 USD, then the currency pair may return to the average price zone (56,400 USD).

As of press time, the transaction price of Bitcoin is $58,351.

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