2026-03-20 17:41:01

- Today's Chart: Bitcoin Attempts Recovery:

Bitcoin's price is gradually rising above $71,000, with a cautious uptrend continuing in the near term. Despite recovery from its Thursday low of $68,795, the price remains below the 50-day (EMA), which appears to cap any bounces at $72,684. Meanwhile, the (MACD) remains stable above its signal line on the daily chart, but with the green histogram bars contracting, momentum may be limited in the short term. The (RSI) near 51 on the same chart suggests equilibrium following the rebound from the sub-$70,000 area.

Daily BTC/USDT chart
Initial resistance appears at the 50-day $BTC EMA at around $72,684, followed by the weekly high at $76,000. A sustained break above this barrier would bring Bitcoin to the 100-day EMA at $78,866.

On the downside, immediate support appears around $70,200, before the $68,795 level, where previous interaction lows clustered, and buyers recently defended this decline. A larger pullback would reveal $65,822, the same low recorded on March 9.

BTC0.89%

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