BTC is in the decision Making progress

6 Mar 2022

Bitcoin tried to break the $39,400 resistance level but failed to stay above it. In order for Bitcoin to return to the uptrend, this range is the first barrier it must cross. Bitcoin support levels have not changed yet and are in the range of $38,200 and then the support level of 36,300. Also, in the 4-hour time frame, Bitcoin was able to maintain its dynamic support, which if broken, could easily have a sharp drop. We have considered two scenarios in the chart, and now Bitcoin is in the process of deciding to implement one of the two scenarios. From tomorrow, Monday, we will see some movement in the market because global markets will open.