PANews reported on March 22 that according to News.bitcoin, Bitcoin is currently consolidating around $84,160, with prices hovering between $83,238 and $84,492, but market trading volume is low. Traders are paying attention to a breakthrough in this price area, but mixed signals from oscillators and moving averages indicate indecision. The market is paying attention to above $85,000 to confirm bullishness. If it falls to $83,000, there may be further corrections. Despite the recent rebound, long-term indicators still tend to be bearish.
Analysis: Bitcoin momentum shows short-term potential, but still leans towards long-term bearishness on low volumes
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