UTC-05:00,Saturday , March 28th 2020

CoinNess Analysis: BTC Likely To Rebound Soon As Market Enthusiasm Heats Up

04:01 Thursday , March 26th 2020
The enthusiasm of investors in pursuit of quick gains has been lighten up after BTC entered into a larger range of fluctuation on March 25. This has been confirmed by a growing number of unconfirmed transactions which is often used to measure the dynamics of short-term trading activities.
The one-hour price chart shows that BTC touched $6,955 before pulling back, indicating $7,000 is very hard to break. $5,381 is considered to be a very effective support as it stands both as a support for Fibonacci 23.6% and a breakout after BTC recovers with faster pace starting from Mar 19.