Bitcoin Price Analysis: Sellers Lean Against Key Moving Average
Monday, 18 March 2024, 18:47
Bitcoin Price Analysis
The price of Bitcoin shows volatility with traders leaning against the 100-hour moving average at $68,142.
Key Bias Levels
- Sellers watch for price to stay below the moving average for control.
- Breaking below the 38.2% retracement at $64,927 would increase bearish bias.
Market Sentiment
- Short-term bearish signs below moving average.
- Buyers demonstrate strength near retracement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.