BTCUSD reversed from resistance area

BTCUSD prices recently reversed down from the resistance area located amongst the key resistance level 46000.00 (former top of wave 1 from the middle of February, as seen from the daily Bitcoin chart below) upper daily Bollinger Band and the 38.2% Fibonacci correction of the previously shown downward impulse from November.

Given the strength of the aforementioned resistance area and the reversal of the positive sentiment improvement across the cryptocurrency marketBitcoin cryptocurrency can be expected to fall further toward the next support level 42000.00.BTCUSD - Primary Analysis - Mar-03 1427 PM (1 day)

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