Bitcoin breaks key resistance level $44, 540

BTCUSD – In cryptocurrency today, Bitcoin continues to rise strongly after the earlier breakaway from the key resistance level 44540.00 (which has been reversing the price from the beginning of January) intersecting with the 50% Fibonacci correction of the previous downward impulse of December.

 

Given the strength of the active impulse waves 3 and (3), including the widespread bullish sentiment that can be seen across the market today – Bitcoin prices can be expected to rise further toward the next round resistance level 50000.00 (target price for the completion of the active impulse wave 3).

BTCUSD - Primary Analysis - Mar-28 1238 PM (1 day)

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