Weekly Support & Resistance Zones for BTCUSDT on Binance (03/16)

Well, most of us didn't expect that bitcoin price would plunge to $3,000s level last week (I knew I didn't) at around the same time where coronavirus pandemic shocked the world. However, BTCUSDT managed to bounce off the 3660 support level (the same support for the pair in November 2018) and reached near the 6185 resistance level territory. BTCUSDT was struggling to break through the resistance level for a couple of days but failed. Currently, the 4470 support level is holding the pair from the raging bears trying to break through it. If the support level breaks, the pair may be heading back to the 3660 support level. Otherwise, it may be bounced off to the 5345 resistance level.