Bitcoin Price Analysis — March 24 (Hourly Chart)
Bitcoin has climbed back near the $44K top as bulls continue to hold their ground ahead of the options expiry tomorrow. A close of the options above $42K spells doom for bears, as $175 million worth of options could expire.
Due to how unlikely (not impossible) it is to see a drop to $42K by tomorrow, we could witness an increased bullish push to the $45K to $46K zone in the coming days. However, a mild correction to the $43K zone might occur in the near term, as BTC trades in overbought conditions across most time frames.
Meanwhile, my resistance levels are at $44,000, $45,000, and $46,000, and my key support levels are at $43,000, $42,000, and $41,000.
Total Market Capitalization: $1.99 trillion
Bitcoin Market Capitalization: $833.5 billion
Bitcoin Dominance: 41.7%
Market Rank: #1

