BTCUSD on the 1D chart is sitting at 200DMA line. It first broke through on Feb 28, 2025 and closed above. Weekend news on crypto reserve from President Trump generated a quick pump and dump.
As of late day March 3, it touched the 200DMA again and has held above.
Next move:
On a break, next major support is around 72870.
On a bounce, target at congestion zone between 96000 to 100000, with significant ceiling from the 50 and 100DMA at 97000 and declining.
Market-moving fundamental news can be expected around the U.S.crypto summit on March 7th. BTC may be (relatively) range-bound until then.
As of late day March 3, it touched the 200DMA again and has held above.
Next move:
On a break, next major support is around 72870.
On a bounce, target at congestion zone between 96000 to 100000, with significant ceiling from the 50 and 100DMA at 97000 and declining.
Market-moving fundamental news can be expected around the U.S.crypto summit on March 7th. BTC may be (relatively) range-bound until then.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.