3.15 Bitcoin price today: Bitcoin price fell by nearly 7% yesterday. Starting yesterday, we were no longer bullish, but turned bearish. The decline is expected to be $20,000, which is around 56,000 according to the 50% Fibonacci retracement position. Within the community, we have started placing short orders above 73,000 yesterday.
Currently, Bitcoin has fallen below the neckline of the wedge structure and is in the retracement stage. At this stage, we continue to remain short and do not consider going long.
