Bitcoin was spotted trading around $10,000 during the previous month. The last month of the first quarter began with an escalation. The following days were anticipated to mark growth too. However, the price fell flat and locked itself around $8,800.
The first quarter is likely to close with an overall improvement. Thus, Bitcoin would soon be seen recovering from the current level and touching $10,000 again, once it gets back its lost momentum and the upcoming period is also anticipated to be flourishing.
BTC/USD Price Chart:
Bitcoin was at $8,535 on March 03, 2020 at 00:00 UTC and it experienced escalation to trade at $8,712, for 6 hours straight. With a slight plunge at $8,631, the price of BTC rose to $8,799 by 1.99% at 12:00 UTC. The price dribbled to $8,752 but improved again and this time the coin hit the major resistance at $8,800 to mark the weekly high at $8,899.
Later, Bitcoin dropped to $8,809 but again corrected to $8,949 in the period of 4 hours. The same movement repeated for the next 5 hours where the price to dropped to $8,866 and then improved to $8,982. The closing hour of the day experienced a slight pullback and ended the trading duration at $8,913.