Bitcoin Price Forecast: Current BTC Price and Analysis for March 20th, 2023
BTC Price Prediction: Today’s Bitcoin Price, 20th March 2023
As Bitcoin continues to hit new highs, many are wondering how far the cryptocurrency can go. Bitcoin’s value has risen in recent months, with a market capitalization of over $1 trillion and a surge in demand as investors seek a safe haven amid economic uncertainty.
Investors are questioning whether the cryptocurrency is experiencing a long-term bull run or if a correction is imminent.
Today’s Bitcoin Price DATE BTC USD Today 01 $ 28,062.32 Bitcoin Price Prediction Bitcoin began trading at $27,350 on March 18, and it is now worth $27,416 after a 2.75% increase in value in the past 24 hours. The value of BTC/USD has fluctuated, hitting a high of $27,605 and a low of $27,053.
Recent news of bank failures and concerns about possible interest rate hikes have also contributed significantly to the rise in Bitcoin’s value, which has increased by more than 35% over the past week.
After a brief period of stability at around $26,500, Bitcoin’s price experienced a sharp drop, falling below the $25,000 and $25,500 support levels and beginning a brief downtrend.
As of Saturday, the BTC/USD pair is now trading with a strong bullish bias, but immediate resistance is present in the $27,750 range. If a strong breakout occurs above this level, the price of Bitcoin may reach the $30,750 milestone.
However, if the $27,750 level turns out to be a barrier, there may be a sell-off that could push the price as low as $25,200 or even $23,020.