BTC positioned for breakout above $50,000

  • Bitcoin price fell from the $48,000 to the $44,000 value area, ending March on a lower note but still positive for the month.
  • Strong dip-buying continues for Bitcoin.
  • Downside risks remain a concern but are limited.

Bitcoin price action shows continued support against the daily Tenkan-Sen, but repeated resistance against the $48,000 value area. A bullish breakout becomes more likely as BTC inches closer to the $48,000 resistance.

Bitcoin price is positioned to…


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