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Bitcoin Likely to Turn Up as a Safe Haven Amidst Global Crisis – Latest Cryptocurrency N…

24 Mar Bitcoin Likely to Turn Up as a Safe Haven Amidst Global Crisis – Latest Cryptocurrency N…

Posted at 14:00h in Bitcoin News by

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Bitcoin (BTC) News
  • Bitcoin, at the time writing, was trading around $6,600 after retreating by $1000 since yesterday, until the time of writing
  • BTC has regained support from the daily Moving Averages as we see steady intermittent uptrends over the past 10 days
  • Impressively, the Bitcoin price trend has been moving in a certain range after it bottomed near the yearly lows earlier this month
  • The major resistance for BTC lies around $7k as per the current momentum as the coin positively breached above $6.5k over the past 24 hours

Bitcoin (BTC) takes a rising toll as it makes a positive and realistic move above $6k for the 5th day straight after a bearish duration experienced. Nonetheless, by the end of yesterday’s trading session, BTC price has spiked by over 9% and turned the heads up for the 3rd time above $6k in a span of 7 days.

Bitcoin Price Analysis:

Bitcoin News
BTC/USD Chart By TradingView

Analyzing the Bitcoin price against the US Dollar, we see that the coin has been experiencing an extended spike amidst the…

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