Bitcoin price movement for March 20, 2020


As we see on the 4-hour chart, the CCI (30) grew and broke the 3 levels -100, 0, and 100. The Candle is already moving up. It may break the EMA (30). Bitcoin is likely to test the nearest liquidity pool at 6741.45 as the correction from the previous trend. Pay attention to the CCI (30) if it decreases below the 0 level and or the price closes bellow 4973.75 , then the scenario will be canceled and bitcoin will continue to fall.

The overall bias for bitocin is bearish.


The material has been provided by InstaForex Company -