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Bitcoin (BTC) Price Prediction for March 20
As the day comes to a close on March 20, the cryptocurrency market is holding its breath as the price of Bitcoin (BTC) continues to fluctuate. At press time, BTC is trading at $84,028.
On the hourly chart, it’s clear that there has been a false breakout of local support around $83,358. This development could potentially lead to continued growth in the short-term, with the possibility of reaching the $85,000 zone by tomorrow.
However, from a midterm perspective, the situation appears more uncertain. The volume is extremely low, indicating that neither side is willing to take the initiative and drive the market’s direction. As a result, it’s likely that we will see sideways trading in the range of $83,000-$85,000.
In terms of key levels, the price is currently far from them, which only adds to the uncertainty surrounding the market. This lack of clear support or resistance means that traders and investors must be prepared for any outcome, including a potential dump to the area between $72,000-$76,000 if the interim zone around $80,000 breaks.
As we move forward into the next trading day, it’s essential to keep an eye on market developments and adapt your strategy accordingly.
Source: https://u.today/bitcoin-btc-price-prediction-for-march-21
