Over the last week, the Bitcoin bulls looked to have taken control of the 
price, eventually pushing it back above $73,000 again. There has been a 
slowdown since then, with bears trying to retest the $70,000 level over the 
weekend. For now, the bulls are still open, but there is still the possibility 
that the price will crash again. To that end, the Bitcoin price has an 
important support level to hold if the bulls are actually going to sustain the 
uptrend. The Magic Point For Bitcoin Lies At $70,500 After the initial 
rejection from the range highs, the Bitcoin price is now moving toward a 
crucial level. According to crypto analyst Max Trades, it is now moving toward 
the next major support level that bulls must maintain. This level lies just at 
$70,500, being the major support since the uptrend began. Related Reading: 
Bitcoin Supply Shock Brewing? Whales Step Back As Long-Term Holders Absorb 
$49B This key support level is important to hold because it will determine 
whether the uptrend will continue. The range high still lies above $72,000 
right now, so that is where the bears are putting up the most resistance. 
Thus, the price will need to break the range high to continue upward, or break 
the key support to resume the downtrend. Another major thing that is dragging 
down the price is the fact that there is still a CME gap that is not filled 
yet. This CME gap lies below $67,000, making it a magnet for the bears. Given 
this, if the Bitcoin price ended up breaking the key support at $70,500, then 
it would start weakening the bullish structure that started to play out last 
week. Pushing toward the CME gap would mean a break below $67,000, pushing 
toward $66,000 to make a bottom. However, even this would not determine that 
it is the bottom of the downtrend, as there is the possibility of a further 
push down to grab more liquidity. The major liquidity levels lie below 
$65,000, which is where the whales could push toward to make the most of the 
move. This means that in the event that the key support is broken, it would 
only be the start of the trend. The eventual move would be a cascading event 
that could send it even lower. Related Reading: Ethereum Is About To Go 
‘Parabolic’ – Analyst Signals Golden Triangle Formation However, the crypto 
analyst does explain that the Bitcoin price is not bearish at this time. This 
is because the price remains range-bound, and trading above the key support 
level holds it here. “An important point to keep in mind is that BTC is still 
range bound, and as long as that remains the case, price will mostly be 
liquidity driven, hunting both sides.” Featured image from Dall.E, chart from 
TradingView.com

Bitcoin Bulls Must Hold This Level Or Price Could Crash To $65,000 Again

The South Korean central bank has called for cryptocurrency exchanges to 
implement their own “circuit breakers” to pause trading and prevent market 
panic after a clerical error at Bithumb led to the accidental transfer of $42 
billion in Bitcoin to…

South Korea pushes for crypto circuit breakers after Bithumb transfer error

Tanking strategies are undermining the NBA&#8217;s game integrity and dragging down 
the regular season&#8217;s excitement.
The post Scott Van Pelt: NBA tanking is ruining game integrity, the 76ers are primed for a deep playoff run, and the Celtics face immense pressure to reach the Finals | Pardon My Take appeared first on Crypto Briefing.

Scott Van Pelt: NBA tanking is ruining game integrity, the 76ers are primed for a deep playoff run, and the Celtics face immense pressure to reach the Finals | Pardon My Take

After the luncheon announcement on March 12, the TRUMP token spiked more than 
50% to a peak of $4.35; however, it has dropped more than 33% to trade at 
$2.80 as of Monday.

TRUMP whales load up as Mar-a-Lago luncheon approaches

Bithumb accidentally sent customers 620,000 Bitcoin instead of 620,000 Korean 
won in February. The Bank of Korea wants lawmakers to make it so it doesn&#8217;t 
happen again.

Cryptocurrency price in HUF