FX.co ★ Trading Signal for Bitcoin BTC/USD for March 08 - 09, 2021: Buy above $49,500

Without a doubt, the cryptocurrency boom is very strong, and there is nothing to stop it, so we see Bitcoin staying very strong and fighting any pressure that wants to defeat it.

In the 4 hour chart we note in BTC / USD; with strong bullish signal, trading above the 200 EMA and above the 21 SMA, and within an uptrend channel.

Our recommendation is to buy above the moving average of 21, with targets at $ 56,250.

Support And Resistance Levels For March 08 - 09, 2021

Resistance (1) $52,781

Resistance (2) $53,26

Resistance (3) $54,272

Support (1) $48,029

Support (2) $47,007

Support (3) $45,250