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Main » All crypto news » Bitcoin opens a week above $27,000! March 27 BTC Analysis
Bitcoin opens a week above $27,000! March 27 BTC Analysis
The cryptocurrency leader is still undecided, the current valuation of bitcoin (BTC), which opened the week above $27,000.
Volatility in the cryptocurrency market continues. A recent series of events seems to have pushed BTC prices into volatility. The banking crisis and the Fed's pessimism have led to a surge in the cryptocurrency market. BTC's inability to finally overcome the $28,860 mark is the most important obstacle in the grand scheme of things, introducing uncertainty into the direction of price movements. Being above a strong support level ($25,000), BTC may need positive news and buyer appetite to create a short-term peak.
Bitcoin (BTC) chart analysis
Looking at BTC's short-term charts, the stagnant price action of the past few days stands out. As you can see, $27,760 is the first resistance that must be overcome in order to continue rising. Due to volatility on the day of the Fed's interest rate decision, BTC fell to $26,600. BTC is below resistance in the current scenario and could make another price test to the $26,920 level if resistance at $27,760 is not overcome. A move to the $30,000 mark for BTC is considered possible if the $28,860 level is exceeded and stabilized.
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