Bitcoin Price Prediction: Long-term (BTC) Value Forecast – March 23

BTC/USD Long-term Trend: Bullish

• Resistance levels: $7,200, $7,400, $7,600
• Support levels: $3,900, $3,800, $3,700

The BTC/USD pair had been in the bullish trend zone in the month of March. On February 23, the bulls tested the $4,200 resistance level but failed to break the level. The BTC price fell as the bears broke the support levels and 12-day EMA. On February 25, the bulls made a pulled back above the 12-day EMA.

Since then the crypto’s price had been in the bullish trend zone but trading within a tight range. From February 25 to March 14, the crypto’s price was trading in a tight range. The bulls were unable the break the $4,000 resistance level. On March 15, the bulls broke the $4,000 resistance level but were likely to face the $4,200 resistance level.

On the upside, the bulls will break the resistance level if more buyers are introduced at the upper price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source: https://bitcoinexchangeguide.com

A forex broker is an intermediary between the trader and the market, for that reason is a vital component of this industry. I have selected BPRIMES broker which is regulated and it has good MT4 platform, which contains quick execution and less slippage. And in this platform, I can trade with major currency pairs like USD, EUR, GBP, CHF. It is really great to see them living up to their promises and very honest with their services.

Basically I am not fully dependent on any particular strategy. I just move with the market trends. But maximum time I like to do scalping. Because it is less time consuming and if I get loss my money it won’t effect in my business. FXLinked helps me applying different strategies that I want to apply in my business. In forex trading every trader has their own style. According to their trading style trader select their broker. Some like price action some prefers scalping, some lowest spreads and so on.