The Bitcoin in this morning of the American session is trading with a strong uptrend, above the SMA of 21 and finding resistance at the zone of 59.435.
The eagle indicator is showing an overbought signal, and there is likely to be a correction to the support at 57.350.
The next resistance is located at the top of the bullish channel located at 60,400 at this level, we recommend selling, since there could be a technical correction.
On the other hand, a bounce at the bottom of the bullish channel located at 57.350, will be considered a good opportunity to buy with targets at 60,500.
Additionally, a sharp break in the uptrend channel, BTC could accelerate its decline to the 200 EMA located at 55,150. Below this level the outlook would change to a downward pressure to 8/8 murray levels around the 50,000 psychological level.
Support And Resistance Levels For March 30 - 31, 2021
Resistance (1) $59,448
Resistance (2) $60,311
Resistance (3) $62,283
Support (1) $58,226
Support (2) $56,807
Support (3) $55,275
