BTC Technical Analysis & Trading Strategy – March 19
Market Overview: This week, Bitcoin (BTC) has remained in a consolidation phase, exhibiting an alternating bullish-bearish daily pattern. Despite the formation of a golden cross on technical indicators, BTC has failed to break new highs or sustain its upward momentum. Over the past two days, price action has been corrective, and once this phase is absorbed, BTC is likely to face a second wave of sharp decline. Given this outlook, long positions are not advisable at this stage.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.