faces a choice between two key levels as part of a “macro trend defining range,” analysis says.In a Twitter survey on March 27, monitoring resource Material Indicators said that BTC price action was now in a critical trading zone.Bitcoin has managed to hold out against a new wave of negative news involving the largest global exchange, Binance.While commentators argue that the fallout from United States regulatory action against Binance.US may be limited, concerns nonetheless remain that BTC/USD will fail to continue its upward momentum.With a key monthly close coming, Material Indicators identified two important levels for bulls to protect and overcome.These are the 200-week moving average (WMA) to the downside and $30,000 to the upside. While already known, a new survey now shows that market sentiment favors a support retest first.When the market seems indecisive is often a clue that a big move is coming,” Material Indicators added in part of further commentary.An accompanying chart showed the BTC/USD order book on Binance with associated bid and ask liquidity clusters.rader and analyst Rekt Capital, meanwhile, continued to draw comparisons to Bitcoin’s current behavior and its movements from the COVID-19 cross-market crash in March 2020, when it briefly lost the 200 WMA as support.In the end, BTC repeated its March 2020 downside wicking depth below the 200 MA. $BTC deviated by -28% to reach the ~$15500 price point. Since then $BTC has rallied +90% from the lows,” he summarized on the day.