Bitcoin, ETH, BNB, STX, and IMX have held onto their gains during the weekend, indicating that the rally may continue next week.
. The banking crisis in the United States and Europe seems to have boosted buying in Bitcoin, indicating that the leading cryptocurrency is behaving as a safe haven asset in the near term.
Let’s study the charts of Bitcoin and altcoins that are showing signs of the resumption of the up-move after a minor correction.Bitcoin soared above the $25,250 resistance on March 17, completing a bullish inverse head and shoulders pattern. Another possibility is that the price turns down from the current level but rebounds off $25,250. That will also keep the bullish trend intact.
On the other hand, if the price turns down and slumps below the 20-EMA, it will suggest that the traders are rushing to the exit. That may pull the price down to the important support at $25,250 where the bulls and the bears may witness a tough battle.The bulls conquered the $1,800 resistance on March 18 but could not sustain the higher levels. This shows that the bears are protecting the $1,800 level on Ether with vigor.
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