29.03.202314:30 Forex Analysis & Reviews: Bitcoin analysis for March 29th, 2023.

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Blue lines- trading range

Bitcoin is trading around $28,300. Short-term trend is neutral as price is mostly moving sideways. Price has made no real progress over the last 10 sessions. Price is trading inside a trading range. Bitcoin is trading close to the upper trading range boundary. Resistance is important at $29,000. Support is found at $26,700 where we find the recent low and the lower trading range boundary. Traders need to remain cautious and patient until price breaks a key level.

Alexandros Yfantis
Analytical expert of InstaForex
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