Analysis: Bitcoin momentum shows short-term potential, but due to low volume, it still leans towards a long-term bearish outlook.

PANews March 22 news, according to News.bitcoin, Bitcoin is currently consolidating around $84,160, with prices fluctuating between $83,238 and $84,492. However, the market volume is low, and traders are focused on the breakout of this price area. The oscillation indicators and the moving averages are sending mixed signals, indicating hesitation. The market is paying attention to confirm bullish above $85,000. If it falls to $83,000, there may be further pullback. Although there has been a recent rebound, long-term indicators still lean bearish.

#SIREN Launchpool is Live#
#XRP Tops Airbus in Market Cap#

BTC-0.46%

SIREN3.67%

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.

19 Likes