BTC/USD Ranging – Downside to $23,000 Next?

Bitcoin has been ranging since the start of the year, caught between resistance at $45,000 and support at $35,000. We anticipate the $45,000 mark to hold as resistance, and the $35,000 support to break, leading to downside into the $23,000 figure.

That said, if bitcoin is able to make a sustained move above the $45,000 figure we anticipate a move back to the all time highs! What direction do you anticipate the range breaking towards? Let us know in the comments!

BTC/USD 1D CHART, 17 MARCH 2022

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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