XRP and HBAR Begin Recovery After Altcoin Exodus – Rollblock Remains Unaffected With Growing Price and Volume

Ripple and Hedera Hashgraph are setting up for rebounds as selling pressure has been easing. While most altcoins have tanked, a newcomer in the crypto gambling

Bitcoin Price Analysis March 22: BTC Bulls Defend $31K, Can They Push Higher?

Bitcoin price finally began to show some signs of life on Tuesday, rallying from a low of $30,200 to reach highs of $31,430. The bulls have been defending the key support at $31K throughout the past few days, and if they can continue to hold this level, we could see a bullish breakout in the coming hours.

Bitcoin Price Analysis March 22: BTC Bulls Aiming For $32K Resistance

After rallying from a low of $29,670 on Monday, Bitcoin price finally reached our target of $31K on Tuesday. The bulls have been defending this key support level throughout the past few days, and if they can continue to hold this level, we could see a bullish breakout in the coming hours.

On the lower timeframe, we can see that Bitcoin price formed a bullish ascending triangle pattern on the 4-hour chart. This pattern is formed when price rallies into a resistance level (in this case, $31K) and forms a series of lower highs, while also forming a series of higher lows on the support level (in this case, $30,600).

As long as the bulls can continue to defend the support level at $30,600, we should see a bullish breakout from this pattern in the coming hours. A breakout from this pattern will likely lead to a quick move up to the $32K resistance level, where we can expect to see some selling pressure.

However, if the bears manage to break through the support level at $30,600, we could see a bearish move down to the $29,670 support level, which was the low of last week. A break below this level will likely lead to further bearish price action next week.

Relative Strength Index (RSI) on the 4-hour chart is currently sitting at 43, indicating that Bitcoin price is still trading within the neutral zone. This is good news for the bulls, as it means that there is still plenty of room for a bullish breakout before we start to see any signs of overbought conditions.

Overall, the bulls are still in control of the market structure on the 4-hour chart, and as long as they can continue to defend the key support level at $30,600, we should see a bullish breakout in the coming hours. A breakout from this level will likely lead to a quick move up to the $32K resistance level.

Bitcoin Key Levels To Watch Out For – March 22

Bitcoin price finally began to show some signs of life on Tuesday, rallying from a low of $30,200 to reach highs of $31,430. The bulls have been defending the key support level at $31K throughout the past few days, and if they can continue to hold this level, we could see a bullish breakout in the coming hours.

On the lower timeframe, we can see that Bitcoin price formed a bullish ascending triangle pattern on the 4-hour chart. This pattern is formed when price rallies into a resistance level (in this case, $31K) and forms a series of lower highs, while also forming a series of higher lows on the support level (in this case, $30,600).

As long as the bulls can continue to defend the support level at $30,600, we should see a bullish breakout from this pattern in the coming hours. A breakout from this pattern will likely lead to a quick move up to the $32K resistance level, where we can expect to see some selling pressure.

However, if the bears manage to break through the support level at $30,600, we could see a bearish move down to the $29,670 support level, which was the low of last week. A break below this level will likely lead to further bearish price action next week.

Relative Strength Index (RSI) on the 4-hour chart is currently sitting at 43, indicating that Bitcoin price is still trading within the neutral zone. This is good news for the bulls, as it means that there is still plenty of room for a bullish breakout before we start to see any signs of overbought conditions.

Overall, the bulls are still in control of the market structure on the 4-hour chart, and as long as they can continue to defend the key support level at $30,600, we should see a bullish breakout in the coming hours. A breakout from this level will likely lead to a quick move up to the $32K resistance level.

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