
Bitcoin (BTC) Price Prediction for March 20
The recent market performance of Bitcoin has been quite impressive, with a significant increase in its value over the past 24 hours. The cryptocurrency is currently trading at $85,861, and it’s essential to take note that this growth may not be sustainable without confirmation.
However, if we analyze the hourly chart, the rate of BTC keeps looking bullish, indicating the potential for further growth. If a breakout above the local resistance occurs, there’s a possibility that Bitcoin will continue its upward movement towards the $87,000 range.
From a midterm perspective, it is crucial to focus on the nearest level of $86,861. Any successful daily bar close around or above this price could create enough energy for a potential blast towards the $90,000 area.
At present, the volume seems to be declining, which suggests that sideways trading within the zone of $85,000-$90,000 is more likely than any significant upward movement.
Source: https://u.today/bitcoin-btc-price-prediction-for-march-20