Bitcoin Trend Briefing – 26th March. 2022
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
When looking at a combination of indicators on the 15-minutes chart for recently 48 hours that best represents Bitcoin’s recent volatility , A kind of resistance lines was found. When examining the minimum threshold for MACD and RSI , it shows strong support at the $42613 level near the drawn red line. Using the red line as a stepping stone, stock prices are currently active around the yellow line at the $44037.
So, The red line ($42613) is the latest line of resistance to price and is also the minimum safety line. The closer the price is to the red line, the more careful you will have to invest.
