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Bitcoin prices are flat at press time. Even though bulls pushed higher in the first half of the weekend, there should be a comprehensive follow-through. A close above the current consolidation might be the base for the next leg up above $73,800 in the coming sessions.
At press time, BTC is firm at around $70,000, up 13% in the past trading week. Looking at price action in the past trading day, there hasn’t been any substantial price movements. As a result, this formation suggests possible accumulation or distribution depending on breakout direction. So far, trading volume remains low, dropping by 16% to over $35 billion in the past 24 hours.
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The following Bitcoin news could influence prices in the coming few trading sessions:
BTC/USD is within a bullish breakout formation when writing but flat.
Even though buyers are confident, prices need to clear immediate resistance levels for trend continuation.
For now, the March 26 low is a critical support level.
Conversely, a break above $71,700 might ignite demand, lifting the coin towards all-time highs.
If sellers flow back, pushing prices below $67,000, Bitcoin might slip to March lows of around $60,000.
Broker | Website | |
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🥇 | Visit Broker >> | |
🥈 | Visit Broker >> | |
🥉 | Visit Broker >> | |
4 | Visit Broker >> | |
5 | Visit Broker >> | |
6 | Visit Broker >> | |
7 | Visit Broker >> |
Broker | Min Deposit | Website | |
---|---|---|---|
🥇 | USD 100 | Visit Broker >> | |
🥈 | USD 10 | Visit Broker >> | |
🥉 | USD 5 | Visit Broker >> | |
4 | USD 5 | Visit Broker >> |