Bitcoin Technical Analysis 03-02-21

Bitcoin continues correction in coming week with lower fear index.

Bitcoins opens at $48K and goes down to around $47K and stable around $47K ~ $48K. The average transaction fee is $22.16 which is 49.23% increase from 03-01-21.

Most Bullish News 📈

Institution investors continue buying Bitcoin

It indicates that Bitcoin investment has paid off.

Most Bearish News 📉

Bitcoin may over supply

It indicates that Bitcoin may face correction due to over supply.

Resources

1. https://www.coindesk.com/price/bitcoin

2. https://bitcoinist.com/cryptos-rally-off-equity-markets-and-institutional-interest/

3. https://bitcoinist.com/nearly-20-of-bitcoin-supply-hasnt-budged-in-7-years/