“Bitcoin remains in a downtrend, with a series of lower lows and lower highs,” Alex Kuptsikevich, a senior market analyst at FxPro, wrote in an email to CoinDesk. “We will pay attention to bitcoin’s dynamics at the following support levels: $60.3K (correction to 61.8% of the last rally), $56K area (50-day average and 50% level) and $51.5K (consolidation area in February).”
Source: https://www.coindesk.com/markets/2024/03/20/bitcoin-climbs-above-63k-crypto-longs-take-on-600m-in-liquidations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines