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Trading Recommendations for the Cryptocurrency Market on March 12
Bitcoin has once again failed to
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Bitcoin has once again failed to hold above $71,000, dropping back to $69,500, where it is currently trading. Ethereum remains above $2,000, but the risk of a larger decline remains.Given that trading continues to occur within sideways channels and that no news is expected to drive a near-term breakout to the upside, market discussions have shifted toward a further correction of Bitcoin to the $45,000–$50,000 range.The lack of a clear directional movement and the predominance of consolidation create an atmosphere
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Urgency
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Maxim Magdalinin
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