The price is consolidating the second time in the last month on the same bottom price.
I see 2 scenarios on the price fluctuation:
First the price will go up and will hit the first resistance line, if the price will consolidating on this resistance line, the resistance line will be the support line for the next month. The RSI indicator are oversold that means a upper movement.
Second scenario is that the price will go a little bit up like 200$-500$ after that the price will go down to the lowest point in the 3 months. After that can go up to 10000$ because of another double bottom.
To not forget that is Easter time and can be a big volatility on the market because the people are staying at home and can invest some more cash in the crypto market. The reason is because cryptos have good prices know and the first Q1 is finish and starts Q2.
Every bad Quarter coming with a good quarter!
I see 2 scenarios on the price fluctuation:
First the price will go up and will hit the first resistance line, if the price will consolidating on this resistance line, the resistance line will be the support line for the next month. The RSI indicator are oversold that means a upper movement.
Second scenario is that the price will go a little bit up like 200$-500$ after that the price will go down to the lowest point in the 3 months. After that can go up to 10000$ because of another double bottom.
To not forget that is Easter time and can be a big volatility on the market because the people are staying at home and can invest some more cash in the crypto market. The reason is because cryptos have good prices know and the first Q1 is finish and starts Q2.
Every bad Quarter coming with a good quarter!