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Bitcoin (BTC) Price Prediction for March 10 — TradingView News

The new week has started with an ongoing market drop, according to CoinMarketCap. CoinMarketCap”>

BTCUSD

The rate of Bitcoin BTCUSD has declined by 3.55% over the last day.TradingView”>

On the hourly chart, the price of BTC is breaking the local support of $80,190. If the daily bar closes below that mark, the correction is likely to continue to the $78,000 area.TradingView”>

On the bigger time frame, one should focus on the interim level of $78,197. If its breakout happens, traders may witness a test of the $75,000 range by the end of the current month.TradingView”>

From the midterm point of view, there are also no reversal signals yet. 

If buyers cannot seize the initiative soon and the price fixes below $80,000, traders may expect an ongoing downward move to the $70,000 mark.

Bitcoin is trading at $79,880 at press time.

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