Cryptocurrency Bitcoin (BTC) has seen impressive growth in the past month, climbing about 22% in March and 70% year-to-date. The momentum of the digital currency has been aided by an overall buying pressure from major investing based around support levels of 15460 and 19568.

The current market value is considered to be close to the 50-bar MA (Hourly) at 28288.91. Moving forward, BTC/USD looks to remain propelled upwards towards potential resistances of 29244.66, 29639.37 and 30127.80 areas, with stronger bullish positions aiming to target levels of 34658 and 35821.

On the other hand, if the market starts showing signs of decline, the measures of technical support would likely be centered around the 25948, 25756, 25358, 24253, 24099, 23789, 23147, 22605 and 22198 levels. Chart-wise, there are indications of an uptrend direction as the 50-bar MA (Hourly) is consistently over the 100-bar MA (Hourly) and 200-bar MA (Hourly).

It remains crucial for crypto traders to remain vigilant about all support and resistance levels, in order to avoid making any hasty moves that might disrupt positive market trends. Additionally, it is important to take any market analysis with appropriate discretion, as it does not serve as a solid investment decision-making tool.



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