Crypto Market Outlook, March 15
Last week saw more all time highs for BTCUSD up to nearly $62,000 on some exchanges. ETH also made higher highs but is still trading 5% below its ATHs.
The pair kicks of the week by falling heavily, down nearly -6% on the day so far.
$55k is already acting as support and it is vital to see how the level reacts to any retest. $58.5k is likely to be temporary resistance if prices rise from here.
The 1730 level is support for this pair, and large bids are already forming just above. The 1848 support-turned-resistance could keep a lid on the action in the medium-term.