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Technical Analysis 25.03.2023
If we look at the chart we published not so long ago we can see that Bitcoin $BTC are still filling orders in the SUPPLY RANGE ( yellow zone ) on the chart.
The most important now is to keep 26500 as support) meaning we should have a weekly close above.
If we look at the chart we can see that we are respecting the technicals on the chart) weekly candle is exactly touching the resistance trendline and support.
To be continued...
3/7
Looking at the on-chain data, we also observed something bullish. Yesterday, we printed the biggest $BTC outflow from the spot exchanges in a month. Over 8,000 $BTC left exchange wallets👀🔥
4/7
Meanwhile, the percentage of $BTC that has not moved in over 2 years continues to climb higher🚀
5/7
Lastly, JAN3 posted that Costa Rica is the next country starting to work on its Bitcoin strategy. Looks like more and more countries will start to adopt the Bitcoin standard🤔 $BTC
6/7
Looking at the banking sector, the chaos continues. The deposits at US banks posted the biggest decline in nearly a year as people continue to lose trust in their banking sector. As already mentioned yesterday, a big chunk of this money is being invested. A small part is likely going also into crypto🤔$BTC
