BITCOIN PRICE ANALYSIS & PREDICTION (March 24) – BTC Retakes $87k Amid Rising Volume, Continues to Suspend Bearish
Since bouncing off $76.6k two weeks ago, Bitcoin has shown signs of strength, but remains bearish on the monthly scale. While looking for a retest, it will most likely resume bleeding as soon as supply increases. Bitcoin continues to recover daily as it took a temporal break in the short-term correction, which led to a serious bleeding since the start of the year. Its long-term structure remains bullish, but things might get worse for the primary crypto if the price dips below the rising trendline. Adding over $10k to its price in 13 days, it is now trading well above $87k following a 3% increase in the last 24 hours. The price appears strong today as it slowly charges at the key $90k level amid volume inflow. This level will likely pose a threat as soon as it reaches there. […]