Bitcoin price started another major decline after it was rejected multiple times from the $39,400 resistance as we already updated you in our previous post if BTC is not able to give candle closing above $39,400 there will be more correction in the market and the same thing happened. It even declined below the $38,200 support level.

Bitcoin local support is 37,000 and the major Support is 36,300. Rsi showing oversold If there is an upside correction, bitcoin price might face resistance near $38,200 level.

Bitcoin needs to give a day candle Closing above $39,400 to continue uptrend otherwise it could continue to move down.

The global market also not looking good. FED meeting on 15th of march will impact the market we need to be very careful we may see volatility this week.

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