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Home ANALYSIS

Bitcoin breaks $48,000 in rally to the best levels of the year. What’s next

A.R Chowdhury by A.R Chowdhury
March 28, 2022
Reading Time: 1 min read
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Bitcoin breaks $48,000 in rally to the best levels of the year. What’s next

bitcoin

It’s tough to chase an 8% move but the bitcoin chart is a good looking one.

There are a series of higher lows and consolidation since January. Now it’s broken a double top and doesn’t have much in the way of resistance up to $52,000, which is another 10% higher.

Bitcoin has a history of making long, one-way runs. It’s held up in the recent round of USD strength and it’s undoubtedly attracting attention in Russia as a way to avoid sanctions.

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A.R Chowdhury

A.R Chowdhury

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