Coinidol.com: Bitcoin Fluctuates Sideways below $72,000

Bitcoin's (BTC) price rose on March 15, breaking above the moving average lines and the resistance at $75,000.

However, buyers failed to sustain the bullish momentum above the $100,000 high, resulting in a decline. Today, the Bitcoin price has retraced and found support above the moving average lines.

Key supply zones: $120,000, $125,000, $130,000

Key demand zones: $90,000, $85,000, $80,000   

However, selling pressure will increase once the price falls below the moving average lines. On the 4-hour chart, the price bars are between the moving average lines, indicating that the cryptocurrency will continue to move sideways.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.