Bitcoin: Major BTC Crash Expected Up Ahead (March 2020)

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Bitcoin: Major BTC Crash Expected Up Ahead (March 2020)

Bitcoin is trading sideways while altcoins have rallied significantly in the past 24 hours. ETH/USD is up more than 4.6% for the day and has now broken past the key resistance at $233. It has effectively broken past the 200-moving average, but BTC/USD continues to trade sideways and has failed to break past the resistance at $9,156. This is a sign that the market as a whole may be about to top out. This is a pattern we have seen before and altcoins generally top out after Bitcoin does. The 4H chart for BTC/USD shows that Bitcoin risks a major decline within the descending wedge if the bulls fail to come to its rescue this time.

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