Bitcoin Has Recovered, Now What? (price update) March 28

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On my last price forecast and analysis on March 26, I predicted exactly the bullish price and ended up hitting the target. Based on that analysis I can say, Bitcoin has recovered from a slight crash.

Analysis

As you can see in the weekly chart below, Bitcoin will be continuously bullish although with slight corrections up to the lowest point at $53k for the next 2 days.

In the daily chart below, using the intersecting lines it clearly shows the possible lowest price of Bitcoin in at least 48 hours, and of course at the same time the forecast high price for that particular period.
I predict it will reach $60k next week. I'm very optimistic on that.

Look at the hourly chart. There is no way that the moving trajectory is coming down, it may go down a little bit but the chart shows an upward trajectory.

Conviction

According to coinmarketcap, the live Bitcoin price as March 28th is $56,232.97 USD with a 24-hour trading volume of $49,175,143,592 USD. Bitcoin is up 1.89% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $1,049,681,789,995 USD. It has a circulating supply of 18,666,662 BTC coins and a maximum supply of 21,000,000 BTC coins.

The price is bullish and we will continue to buy. Report says mining is hampered because of hardware constraints, so that means high demand in Bitcoin.

My Free Trade Signal

BUY START: 56,000
STOP LOSS: 53,000
TAKE PROFIT: 59,737
DURATION: max 48 hours

Happy Trading, Cheers!

Posted with STEMGeeks