Weekly Support & Resistance Zones for BTCUSDT on Binance (03/23)

BTCUSDT bounced off the 4470 support level and broke through the 5345 resistance level. The pair managed to close above the resistance level on March 18 and the momentum continued on the following day. BTCUSDT was able to break through the 6185 resistance level and barely closed above the resistance area on March 20 before it losing its steam. The bears came and overpowered the bulls for the next couple of days. Currently BTCUSDT is trading below the 6185 resistance level and may be heading to the 5345 support level. At this support level, the bulls are expecting to take over and bring it back to the 6185 resistance area.