- Possible resistance at $55933.8
- Possible support at $55432.3
- This week’s highest: $61,683.86
- This weeks lowest: $51,981.83
- Last 1 months highest: $61,683.86
- Last 1 months lowest: $43,241.62
There is some resistance at $55933.8, next resistance sits at $56184.5 and strong support level at $55432.3 and thereafter at $55181.6
If the resistance of $55933.8 is crossed, the price is likely to move towards the next strong resistance levels at $56184.5. However, if Bitcoin fails to cross this resistance level, the price might retest the current support levels before going down towards the next support at $55432.3. If support of $55432.3 is crossed, Bitcoin price may move down further to $55181.6 levels.
Newsherder’s BTC/USD Daily Price & Forecast of March 16, 2021, reveals that downward movement from current levels is expected for Bitcoin’s current price with Bitcoin showing bearish signals. BTC price is expected to move down towards the next support level of $55181.6.