BTC Analysis March 21, 2022
We are seeing a slight period of lateralization
While the volume continues to increase, which becomes a small area of accumulation in bitcoin in 8h, probably BTC could break to the upside in the coming days, while in the daily chart (1D) of BTC today March 21, 2022 we we are still in an intermediate zone which increases our chances that the price will rise in the coming days
Volume increasing according to analysis
The volume on the 8-hour chart continues to have progressive peaks, which gives us a very good sign of a bullish development in the short term
The almost complete retreat
After going from 37k to almost 42.5k BTC is following a completely normal pullback after that bullish rally, giving us a pretty high chance of leaning on the mean to continue higher
While the volume continues to increase, which becomes a small area of accumulation in bitcoin in 8h, probably BTC could break to the upside in the coming days, while in the daily chart (1D) of BTC today March 21, 2022 we we are still in an intermediate zone which increases our chances that the price will rise in the coming days
Volume increasing according to analysis
The volume on the 8-hour chart continues to have progressive peaks, which gives us a very good sign of a bullish development in the short term
The almost complete retreat
After going from 37k to almost 42.5k BTC is following a completely normal pullback after that bullish rally, giving us a pretty high chance of leaning on the mean to continue higher
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