The Bitcoin Price Has Reclaimed an Important High Time-Frame Support

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In Brief
  • The Bitcoin price is trading inside a range of between $6,100-$6,800.

  • It has reached the 0.618 Fib level.

  • The hourly RSI is bearish.

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The Bitcoin price began a rapid decrease on March 19, at one point increasing by 22% from its low of $5,252. The price has continued its increase today, reaching a high of $6,900. Well-known trader @CryptoCred posted a Bitcoin chart stating that the price is trading inside a very significant weekly time-frame area, with support at $6,100 and resistance at $6,800. As long as the price is
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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