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Technical indicators suggested that there was a lot of sell pressure present and AXS’s price would drop in the next 48 hours.
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+1.42%
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Bitcoin (BTC) markets posted modest gains at the beginning of the March 29 trading session as traders sought stability above $28,000, a psychological support andresistance level.
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At the time of writin BTC's price changed hands for over $28,450, its highest level in two weeks.
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the bulls are unlikely to give up the $25,000 support without putting up a fight.
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Bitcoin remains pinned below $27,000, and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels.
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Despite BTC’s positive performance throughout the past day, it was not enough to flip the crypto’s weekly or monthly performances back into the green.
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