Bitcoin prices rose almost 22% in March, mirroring the January price trend, which may set up for further upward momentum. Technical analysts have noted that the daily trend support is at $22,500 and consolidation in the $26,500 to $29,300 range may be indicative of a continuation pattern. Bitcoin fell 2.4% to $27,786 during the Asian trading session, failing to break above resistance at $28,500, but it remains within a consolidation range that has formed over the past two weeks. The asset has resistance to the upside at around $29,000 to $29,500 and lower support levels at just over $27,000.

(By Martin Young)