Bitcoin Price Analysis and Expectations

On March 3, Bitcoin is trading at $61,771, down 0.36%, causing declines in altcoin markets as well. Daily and hourly charts of Bitcoin are used to predict future price movements by providing important clues to investors.

Critical Levels on the Daily Chart:

Bitcoin's ascending channel formation on the daily chart shows that the price is stuck in a tight area.

While the important support levels are $60,350, $59,007, and $56,957, a close below $59,007 could cause the price to lose momentum. Resistance levels are determined as 62,190, 63,743 and 65,540 dollars; A close above $63,743 could signal an upward move for the price.

Critical Levels on the Hourly Chart:

The support and resistance contacts of the triangle formation on the hourly chart are important for short-term movements. The main support levels appear to be $61,563, $61,087, and $60,630; A close below $61,087 could trigger a downtrend. Hourly resistance levels are at $62,091, $62,445, and $62,753, where a close above $62,445 could help the price gain upward momentum.

These analyzes can play an important role in the decision-making process of Bitcoin investors and provide clues about the future of the market.

#imaxman_zeus1 @Gmbribrahim #BinanceTürkiyeSquare'i #BinanceTurkeySquare $BTC $ETH $BNB