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The Bitcoin BTC / USD, in the morning of the American session, is trading in 1-hour charts above the SMA of 21 and above the EMA of 200, in addition to maintaining within the uptrend channel, and close to the strong resistance of $ 56250.
The BITCOIN is expected to find resistance at the +1/8 Murray level around $ 56,250, if it fails to break there could be a downward correction to the $ 52,500 zone, and the 200 EMA level at $ 50,000.
On the other hand, a break above the $ 56250 zone could push to the $ 62,500 zone, although the eagle indicator is signaling overbought.
Our recommendation is to buy at the $ 52,500 support zone or the $ 50,000 psychological level, with targets at $ 56,250.If there is a sharp break above $ 56,250, we recommend buying with targets at $ 62,500, +2/8 Murray zone.
Support And Resistance Levels For March 10 - 11, 2021
Resistance (1) $56,795
Resistance (2) $58,226
Resistance (3) $58,909
Support (1) $53,426
Support (2) $52,243
Support (3) $50,178
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