The cryptocurrency market is actively correcting but the current movement is looking more like a rebound before a new wave to the downside. However, in the chart of several digital assets, there are patterns in favor of growth.
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These days, the BTC is trying to correct after stressful sales. On Thursday, March 19th, the key cryptocurrency is trading at $5800, growing 11%.
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The currency market failed to get over another collapse. In general, there is a great potential in Bitcoin for a rebound upwards and new growth in anticipation of halving.
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On Thursday, March 12th, the leading cryptocurrency keeps declining, trading at 7609.00 USD. Bitcoin price perspectives now look not very optimistic.
Bears continue pushing prices of assets to the downside as they broke the closest support levels again. In the daily chart of Bitcoin, a good level to rebound upwards from is $7335.
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On Thursday, March 5th, the Bitcoin (BTC) started increasing after the recent fall. The coin is currently trading at $9,081.94.
Unfortunately, the crypto market still fails to return to the phase of good growth. The assets are currently testing important support levels, and we can soon see a bounce and the beginning of an upward movement.