In regards to the breakout of previous levels zone, there is a need to understand new levels and zones that are occurring in Bitcoin's price.
March open price corresponds to the downward longer-term trendline starting in June '19, through Feb '20 and today.
There is also a possibility of a rising wedge structure occurring. If such a structure is validated, it would break to the downside. In case of an upside break, expecting March open prices.
Eyes on the prize!
- Resistance - 7800
- Resistance II - March Open - 8523.00
- Support - Yearly Open - 7195.00
March open price corresponds to the downward longer-term trendline starting in June '19, through Feb '20 and today.
There is also a possibility of a rising wedge structure occurring. If such a structure is validated, it would break to the downside. In case of an upside break, expecting March open prices.
Eyes on the prize!