Bitcoin rate (BTC): this has to happen for it to rise

Bitcoin price (BTC) current

Bitcoin is currently struggling with the $ 8,000 mark. He was able to overcome them briefly on March 10th. However, it was not enough for a sustainable increase.

He’s been testing the 61.8 percent Fibonacci retracement level since yesterday. With a bitcoin price below the EMA20 and negative indicators, the situation is rather bearish. The Bitcoin price is currently trading at $ 7,974.84, down 0.39 from the previous day.If the Bitcoin price manages to exceed the EMA200 at around $ 8,660.83, one can again think of long positions.

 

Blitz-Check: Ethereum course (ETH), ripple course (XRP) and IOTA course (MIOTA)

While the Bitcoin price is struggling with slight losses, the Altcoins are currently also having to prove themselves. At $ 199, the ether price is 1.14 percent below the level it was 24 hours ago. Here the technical indicators are bearish. The next downside target is activated at $ 192.The XRP course performed better than the Ether and Bitcoin courses. Here it is 1.12 percent plus at a price of $ 0.21. This places the “bank coin” just above the support zone of $ 0.202.

Even with the IOTA course (MIOTA), it looks a little better, at least in the 24-hour review, than with the Bitcoin course. The IOTA rate rose 2.54 percent to $ 0.20. This will restore the $ 0.202 support zone.