Over the past week, Bitcoin's price has shown growth, increasing by 6.88% from last Tuesday's low. This indicates that long-term investors are still making profits.
Bitcoin Price Growth
Bitcoin's price increased by 6.88% over the past week, reaching a low of $81.1k last Tuesday. This growth suggests that long-term investors (HODLers) continue to profit as the realized price rises.
Breaking Local Resistance
Since late February, Bitcoin's price has been trading within a range of $79.2k to $94.3k. On March 24th, it surpassed the local resistance of $86.8k. Despite a minor 2% pullback following this move, there remains potential for further growth. The 4-hour price action remains bullish, supported by higher highs and lower lows throughout the past week.
Key Resistance Levels
The key resistance levels to monitor are $90.5k and $94.3k, which represent Bitcoin's immediate bullish targets. The 1-week liquidation heatmap showed rejection at the $88.2k level on March 24th. Another significant liquidity pocket formed between $88.9k and $89.7k.
While Bitcoin faces resistance on its way to the next targets, the current position suggests that further growth is possible. Investors should consider key levels for decision-making.
