171: Bitcoin Forming a Bull Cross; Now Targeting $7,700 | BTC Starts Strongest Quarter Q2

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - March 31, 2020 14:13 - 16 minutes - 8 MB - ★★★★ - 537 ratings
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Previous Episode: 170: Bitcoin Price ‘Likely’ Bottomed in $3.7K BitMEX Crash Says Tone Vays | BTC Reclaims $6.3K

Next Episode: 172: Here’s What Could Propel Bitcoin to $7K | BTC Price After Halving, Coronavirus and Decentralization

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Following a brief selloff that led the Bitcoin price down to lows of $5,800 overnight, BTC has been able to post a strong and sustainable rebound that has since led it to climb towards $6,500, with bulls currently attempting to reclaim its previous position within the upper-$6,000 region.

It now appears that bulls are in the process of attempting to form an EMA bull cross, which could bolster its price action in the hours ahead.

Furthermore, bulls are also attempting to surmount a key resistance level that was recently established, leading one analyst to note that a weekly close above this level could lead the BTC price to rally up towards $7,700.