y0news
← Feed
←Back to feed
⛓️ CryptoπŸ”΄ BearishActionable

A Repeat Of February? Watch Out For These Bitcoin Price Levels In March

Bitcoinist|Opeyemi Sule||1 views
πŸ€–AI Summary

Bitcoin struggled throughout February to sustainably break above $70,000, reaching only $71,000 before experiencing sharp reversals. This price region appears to be acting as key resistance to Bitcoin's bullish momentum heading into March.

Key Takeaways
  • β†’Bitcoin failed to maintain prices above $70,000 throughout February despite multiple attempts.
  • β†’The cryptocurrency peaked at $71,000 before facing sharp price reversals.
  • β†’The $70,000-$71,000 range has emerged as a critical resistance level for Bitcoin.
  • β†’February's disappointing performance raises concerns about Bitcoin's near-term bullish prospects.
  • β†’March price action will be crucial in determining if Bitcoin can overcome this resistance zone.
Trade This Token
$BTC$0.0000β–²+0.0%
Powered by y0.exchange
Read Original β†’via Bitcoinist
Related Articles