For the last 8 days bitcoin price constantly goes up and down between the range ot $10 000 and $8 800. Bitcoin is now at $8,900, which is close to 60 percent retrace of its $20,000 all-time high, seen in December.
In March, the US Securities and Exchange Commission (SEC) reported on its website that all platforms and exchanges trading crypto and tokens should be registered in accordance with established rules for stock exchanges and brokers. Investors were also worried about the hacking of the Binance crypto-exchange.
According to American banking giant Goldman Sachs the next meaningful level is down at $7,667 to $7,198.
This support level we are hitting now is very important for bitcoin, it was holding it above for more than a year so it’s very important for bitcoin to stay above this support.
On Thursday we may see 1 to 4 days of uptrend but till then there are no good indicators for staying above the $9K line. Could we see bitcoin at $6K again?
I hope you found the analyze helpful, if yes then don't you mind upvoting, resteeming it? Remember to stay AWESOME!
Till next time,
Ivan
