Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months

Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months


BTC price action continues to hold higher, with analysis also flagging the 200-week moving average potentially flipping to support.

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Bitcoin (BTC) approached a key weekly close on March 19 with traders concerned about a retest of lower levels.

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BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bulls must “step in” to protect $26,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,000 on Bitstamp.

After briefly tapping $28,000 into the weekend, a slow comedown through out-of-hours trading denied bulls a squeeze higher. This led market participants to weigh the likelihood of Bitcoin returning to test support.

“Holding my long position while we are above $25,500, but ultimately we lost $27,000 support so

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