Published: 18 March 2026,03:38
Chart The Market
BTC, H4:
Bitcoin has established a compelling bullish structure, characterized by a clear higher-low price pattern following the formation of a double-bottom reversal at the $63,260 level. This technical configuration represents a significant shift in market dynamics, with the cryptocurrency breaking to new monthly highs and validating the constructive bias.
The higher-low sequence is particularly notable in the context of recent geopolitical volatility. Despite selling off on each negative headline related to the Middle East conflict, Bitcoin has repeatedly recovered to higher levels, forming a rising floor from approximately $64,000 to more than $70,000. This pattern reflects a market where dips are being aggressively bought, eroding confidence among short sellers and building pressure for an upside resolution.
Momentum indicators strongly support the bullish view. The Relative Strength Index is trending higher from oversold levels, while the Moving Average Convergence Divergence histogram remains firmly positive, reinforcing the near-term bullish bias . Both indicators suggest bullish momentum is gaining and could propel Bitcoin toward higher levels.
The immediate focus is the $74,000 resistance zone, which has rejected upside attempts multiple times. A sustained break above this level would confirm the bullish structure and open a path toward the $78,000-$80,000 region, with some analysts targeting $84,000 as the next major objective following the double-bottom confirmation. Support is established near $70,000, with stronger support at the $67,500-$68,000 zone representing the recent higher-low formation.
Resistance Levels: 76,635.00, 79,133.00
Support Levels:71,526.30, 69,236.20
XAGUSD, H4
Silver prices continue to exhibit bearish price action, struggling to hold above recent lows near the $80.00 mark after forming a definitive lower-high and lower-low price pattern. This sequential decline in peaks and troughs reflects sustained selling pressure and an absence of bullish conviction, reinforcing the negative near-term bias.
The technical configuration suggests that sellers remain firmly in control. A decisive break below the $80.00 psychological level would reaffirm the bearish momentum and open a path toward the next significant support target near the $73.00 mark . This level represents a key technical zone where buyers have previously stepped in, with analysis indicating a high-probability accumulation area between approximately $72.57 and $74.42 . Sustained price action below this region could accelerate losses toward the 100-day Simple Moving Average near $64.70.
Momentum indicators align with the bearish outlook. The Relative Strength Index (RSI) continues to trend lower, holding firmly below the neutral 50 level, confirming seller control while avoiding oversold conditions that might signal exhaustion . The Moving Average Convergence Divergence (MACD) remains entrenched below its signal line in negative territory, with the histogram contracting but still negative—reflecting persistent downside momentum that is gradually moderating but has not yet reversed.
Resistance Levels: 81.45, 86.25
Support Levels:76.75, 71.05
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