Crypto Daily | Bitcoin prices rise amidst intermediate impulse wave

BTCUSD Bitcoin cryptocurrency continues to rise into the intermediate impulse wave (3), which in turn began from the earlier support area between the key support level 34000.00 and the lower daily Bollinger Band.

This has been the root cause for the price reversal ever since January, according to data received from the daily Bitcoin price chart below. The previous breakout from the key resistance level 40000.00 accelerated activity during the intermediate impulse wave (3).

 

BTCUSD - Primary Analysis - Mar-01 1024 AM (1 day)

 

Given the widespread sentiment for improvement across the cryptocurrency market today – Bitcoin prices are speculated to soon rise further toward the next resistance level 46000.00.

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