Bitcoin (BTC) Price Analysis for March 26


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The weekend has begun with the continued correction of the cryptocurrency market as all of the top 10 coins are in the red zone.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by around 1% over the last 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the hourly chart, Bitcoin (BTC) could not overcome the $44,700 mark, followed by a slight decline. At the moment, one needs to pay close attention to the support level at $44,000. If buyers can hold it, there is a chance to see further growth.

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BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) has approached the resistance level at $45,854 and is currently trading near it. If the daily candle fixes around the zone of $44,000-$44,500, there is a high probability to expect a breakout next week.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

The weekly chart is looking bullish as the the rate has come close to the vital level of $44,776.

If the trading volume increases, a further upward move up to the $50,000 zone may happen by mid-April.

Bitcoin is trading at $44,344 at press time.


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