Bitcoin: is it a buy now?

Bitcoin: is it a buy now?

Hot news about Bitcoin

We got bittersweet news for you. First, US officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline, which raised concerns over the security of the cryptocurrency. US officials were able to access the password for one of the hackers’ bitcoin wallets. What?! Is it possible? It turned out that yes, and the BTC has immediately lost one of its main advantages.

Just two months ago the Bitcoin has set an all-time record of almost $65,000. However, a recent sell-off in crypto prices has weakened confidence in it. Or not? Maybe it’s just a good opportunity to buy some bitcoins. Views of investors and analysts differ. Some believe the BTC will retest $20,000 such as Oanda and Evercore. Others are selling other assets to purchase more crypto. For example, MicroStrategy has sold $500 million in junk bonds to buy additional bitcoin.

Second, El Salvador adopted Bitcoin as a legal tender, which helped to recover some losses triggered by the first news. It’s hard to imagine right now, but if this experiment goes well, other countries can implement this practice as well.

Technical outlook

After a long fall, BTC/USD has entered the horizontal corridor between $33,000 and $40,000. It’s likely to move sideways inside this range for some time. When it manages to break above the resistance level of $40,000, it may jump to the 200-period moving average of $42,000 and then to the psychological mark of $45,000. On the flip side, if the BTC drops below the support of $33,000, the way down to January lows of $30,000 will be clear.


You can trade crypto only in the FBS Trader app. The screenshot of MetaTrader 5 above is used for the more complicated technical analysis. 




Forex News March 29
Forex News March 29

Forex, Crypto, Metals, and Stocks News for March 29. Here’s what you need to know for today:

The Most Important News For Today
The Most Important News For Today

The news is essential if you want to trade. Don't miss our digest, where we'll tell you about the most interesting events, happening right now.

Latest news

The Most Important News For Today
The Most Important News For Today

News is always essential. Especially when we speak about the FOREX market. What is the most important information for today? Let's see together.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera