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Bitcoin Technical Analysis 03-11-21

Bitcoin touches **$57K**. If it stables around **$53K ~ $54K**, the next target is stable at **$55K** and hit **$58K**. I think the ****All Time High**** at this level will likely. My calculation on its value is ****$62K**** at some point which indicates that Bitcoin may ****continue correction**** in coming week.

On the other hand, Institutional buyers are continue preparing buying more Bitcoin in the coming weeks. Resources https://www.coindesk.com/price/bitcoin https://www.cryptoglobe.com/latest/2021/03/bitcoin-demand-from-goldman-sachs-customers-is-rising-coo-says/ https://ambcrypto.com/ironically-this-infamous-bitcoin-critics-son-goes-all-in-on-btc/

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