Bitcoin Outlook by Chart-Info March 17 2026

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Bitcoin Outlook by Chart-Info

Hello, this is Chart-Info. I haven't posted since my last bullish (Long) outlook on Bitcoin. Currently, I have taken profit (TP) and am staying on the sidelines, watching the market. To be clear, I didn't close my position because I thought the bullish trend had snapped; I simply felt I had captured enough gains and decided to exit the position.


As previously mentioned, the Bitcoin chart is currently very favorable for Longs. 

https://chartinfo1019.blogspot.com/2026/03/please-go-long-on-bitcoin.html#more

On March 16th, Bitcoin even broke through the Daily 60 MA (Moving Average) in a single move. The yellow line is 60 MA.


In my view, while there may be some shaking the price up and down, I expect Bitcoin to reach at least 80K. Looking at the 3-day chart, I believe there is a possibility of it hitting 86K, where the 240 MA sits. If it reaches the 3-day 240 MA, I am considering opening a Short position. The purple line is 240 MA



Since Bitcoin is exhibiting a very strong bullish momentum right now, I recommend entering a Long with low leverage, targeting 80K. If you look at the chart, Bitcoin has climbed while confirming almost every possible support level—getting bounces from moving averages, Fibonacci retracement levels, and trendlines.

Please keep in mind that shorting is extremely risky in the current climate. Thank you.

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