• Bitcoin (BTC/USD) clawed back some of its recent pullback in the Asian session as buying pressure emerged near the 28333.62 level.
• At the end of March, BTC/USD absorbed the 28293.42 and 28344.24 levels, representing the 76.4% and 78.6% retracements of a depreciating range from 29190.04 to 27512.97.
• Bulls are increasingly eyeing the 30127.80 area, an upside price objective associated with buying pressure around certain levels, while downside price objectives include 19266 and 17196 areas respectively.
Recent Price Movement
Bitcoin (BTC/USD) clawed back some of its recent pullback early in the Asian session as the pair traded as high as the 28467.90 area after buying pressure emerged around the 28333.62 level. Selling pressure strengthened around the 28826.45 level in recent trading sessions, representing a test of the 78.6% retracement of the recent depreciating range from 29190.04 to 27512.97.
At the end of March, BTC/USD absorbed the 28293.42 and 28344