BTC/USD Medium-term Trend: Bullish
Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,800, $3,700, $3, 600
Yesterday, March 7, the value of Bitcoin was in a very optimistic trend. The crypto’s worth continues to be locomote on top of the $3,900 index number within the last forty eight hours. The BTC worth is locomote on top of the 12-day EMA and therefore the 26-day EMA that indicates that price is probably going to rise. The crypto's worth is on top of the $3,900 index number however unable to interrupt the $4,000 resistance level.
On the top, if the bulls break the $4,000 resistance level, the value of Bitcoin can reach a high of $4,200. On the opposite hand, if the bulls fail to interrupt the $4,000 resistance level, the crypto can resume its vary certain movement. Meanwhile, the MACD line and therefore the signal line are on top of the zero line that indicates a purchase signal. The BTC worth is on top of the 12-day EMA and therefore the 26-day EMA that indicates that price is within the optimistic trend zone.
article source: https://bit.ly/2UqHoKv