BTC is Still in Bear Market

11 Mar 2022

Bitcoin done according to the first scenario we announced earlier, and exactly according to our forecast, it dropped from the $42,500 area to the $ 40,000 support level, but with the loss of this local support, it touched the support level of $38,700 and then bounced from this area. Bitcoin is currently trading above the $38,700 level and should try to cross the resistance range between $39,500 and $40,000 to gain some momentum. Bitcoin will not enter the bull market until it stabilizes above the $45,000 main resistance level. Bitcoin is moving between the resistance and support range in a state of uncertainty and can move in any direction. In all your positions, be sure to set a stop loss and wait for one of the surfaces to break.