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Bitcoin (BTC) Long-Term Price Analysis – March 24
bitcoin-btc-badysis-price long-term-Mar-24
- Stochastic Bitcoin oscillators have entered the overbought zone
- Crypto could, in the long run, continue to lose strength in the face of bearish pressure.
BTCUSD Long Term Trend – Range
- Distribution Territories: $ 5,000, $ 5,500, $ 6,000
- Accumulation Territories: $ 3,000, $ 2,500, $ 2,000
Bitcoin has traded around the $ 4,000 mark last week. Cryptocurrency, however, has continued to evolve within specific brands for a few weeks now.
Bitcoin Chart by TradingView
SMA cryptocurrency indicators were separated by a small space, with 14-day SMA exceeding SMA at 50 days. Both are between $ 4,000 and $ 3,500. Stochastic oscillators are pbaded in the overbought area.
Bitcoin could in the near future continue to trade near the $ 4,000 mark, while standing between 4,500 and 3,500 marks. Crypto could, in the long run, continue to lose strength in the face of bearish pressure.
The views and opinions expressed herein do not reflect those of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
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