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The market data is provided by the HitBTC exchange.

By early February, Bitcoin had plunged about 68 percent from its lifetime highs in mid-December. This fall affected Bitcoin’s popularity, as measured by the number of people searching for it on Google. In the first half of March, Google Trends shows that Bitcoin searches have fallen to their lowest levels since October of last year.

It isn’t necessarily a bad thing for the leading cryptocurrency. This shows that the euphoric phase has ended and some investors have fled the market. Now, only the most interested participants who have a greater conviction in the cryptocurrencies remain.  

When prices don’t sustain below support levels on negative news, it is a sign that the bears are losing their grip. The early stages of a bull phase always cause worries. As and when prices recover, the ‘speculators’ will jump right back in.

Let’s see if we find any buy setups for the top coins.


The bears were unable to take advantage of the breakdown below $9,500 levels on Bitcoin on March 10. Prices quickly recovered on the next day, March 11, which shows strong buying support at lower levels.

Currently, the  BTC/USD pair is trading at a critical level.

The level between $10,000 to $10,300 has resistances from the moving averages and the resistance line of the descending channel. Once the price breaks out and sustains above $10,300 for four hours, it can be purchased with a stop loss of $8,700.

The first target objective is a rally to $12,150 from where the cryptocurrency has returned on three previous occasions. If prices break out of this resistance, Bitcoin will start a new uptrend.


$654.02 has proven to be strong support on Ethereum. For the past three days, prices are trading inside a tight range of $745 to $654.

If the

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