The Crypto Market's Endless Rollercoaster Ride

Summer is here and it’s full of highs and lows, periods where the markets are strong can easily be replaced by fear and huge sellouts.

Bitcoin Price Analysis March 2023: BTC Price Surges Past $26K as Bulls Target $30K

Bitcoin price began a crucial recovery rally from the $22,000 support zone. Now, BTC price is trading above the $26,000 level, aiming for a bullish breakout towards $30,000.

Bitcoin price showed a strong rebound from the lower support levels. Now, BTC price is aiming for a bullish breakout towards the $30,000 resistance zone.

Bitcoin Price Analysis March 2023 - Key Points

Bitcoin price showed a strong rebound from the lower support levels.

Now, BTC price is aiming for a bullish breakout towards the $30,000 resistance zone.

A clear breakout above $30,000 could lead to a massive rally towards $36,000.

Bitcoin price began 2023 with a bullish note. After forming a local top at $20,000 in December 2022, BTC price began a recovery rally. Now, Bitcoin price is trading above the crucial resistance zone of $26,000, aiming for a bullish breakout towards $30,000.

After forming a local top at $20,000 in December 2022, Bitcoin price showed a strong bearish breakout from a rising channel. This bearish breakout led BTC price towards the lower support zone of $22,000-$22,200.

Bitcoin price showed a strong bullish reaction from this lower support zone. Now, BTC price began a recovery rally from this lower support zone, aiming for a bullish breakout towards the upper resistance zone of $29,000-$30,000.

A clear breakout above this upper resistance zone could lead to a massive rally towards the next resistance zone of $36,000.

On the other hand, if Bitcoin price fails to clear the upper resistance zone of $29,000-$30,000, then BTC price could show another bearish breakout from the rising channel.

Bitcoin price is trading at $26,233 at press time. Now, BTC price is showing a gain of 6.3% in the past seven days. Also, BTC price is up 39.3% in the past 30 days.

The above is the detailed content of The Crypto Market's Endless Rollercoaster Ride. For more information, please follow other related articles on the PHP Chinese website!