BTC outlook for 28 March 2022.

28 במרץ 2022

BTC ended last week very bullish, breaking through the major resistance level at 46k. Started this week with a bullish push towards the next major resistance level around 48k and its rejecting this level currently. I would like to see a retest during the start of this week back on support anywhere around 45,8k to 46k before continuing bullish. This will mean that previous resistance has turned now turned support. Also important to note that BTC has had 6 consecutive bullish days, a retest is therefore necessary for long term growth.