On March 19, the BTC price initiated an upward move and increased above $6,000. This was an important resistance level that the price had been struggling to break out from since March 13.
Bitcoin (BTC) Price Highlights
- The Bitcoin price has made two failed breakout attempts since Feb. 10.
- It broke out above $6,000 on March 19.
Breakout Pattern
Since the tweet, the BTC price has already broken out above the previous resistance and reached the $6,200 target, which is supposed to act as a high and reverse the trend. The other two events transpired on Feb. 19 and March 7, at a price of $10,000 and $8,800, respectively. The Feb. 19 failed breakout was preceded by a roughly 10% price decrease. The price initially struggled to break out above the $10,000 level, but once it did, it increased by 2.5% before crashing rapidly.


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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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