Bitcoin Update

On Monday, March 28, the bitcoin rate rose to $48,198. The last few days have been very positive for the crypto market. Bitcoin rises in price for seven days in a row. The growth of US stock indices supports its strengthening.

Many coins in pairs with the dollar broke through important price levels. The BTC/USDt pair has broken through $44,500 and now the buyers have reached the upper limit of the A-A channel. You can’t stand at $47,500 for more than two days, otherwise the bullish momentum will begin to fade. For a rally above 60k, continued growth without correction to the upper line of the B-B channel or 51k is needed.

Stops of sellers are partially collected, but there is not enough fuel for a full-fledged growth. The bucks today collapsed on the news on the talks between Russia and Ukraine in Turkey. The general mood is favorable for the continuation of the upward movement. Support is the level of 46000. Fixing below it will return control to the sellers. An important day for funds and bucks is Friday. High volatility in all markets is expected at 17:30 UTC+2 after the publication of the report on the US labor market for March.