A company that is changing the way the world mines bitcoin

NewsBTC 2025-03-13 02:52:24

Bitcoin Price Recovery Possible Above $85K—Will Bulls Step In?

Bitcoin price started a recovery wave above the $80,000 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels. Bitcoin started a decent recovery wave above the $80,000 zone. The price is trading above $82,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $82,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $84,000 and $85,000 levels. Bitcoin Price Eyes Breakout Bitcoin price remained strong above the $78,000 level. BTC formed a base and recently started a recovery wave above the $80,000 resistance level. The bulls pushed the price above the $82,000 resistance level. The price surpassed the 23.6% Fib retracement level of the downward wave from the $91,060 swing high to the $76,820 low. However, the bears are now active near the $84,000 resistance zone. Bitcoin price is now trading above $82,000 and the 100 hourly Simple moving average . There is also a connecting bullish trend line forming with support at $82,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $84,000 level and the 50% Fib retracement level of the downward wave from the $91,060 swing high to the $76,820 low. The first key resistance is near the $85,000 level. The next key resistance could be $85,650. A close above the $85,650 resistance might send the price further higher. In the stated case, the price could rise and test the $86,500 resistance level. Any more gains might send the price toward the $88,000 level or even $96,200. Another Drop In BTC? If Bitcoin fails to rise above the $84,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,000 level and the trend line. The first major support is near the $81,200 level. The next support is now near the $80,000 zone. Any more losses might send the price toward the $78,000 support in the near term. The main support sits at $76,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $82,000, followed by $81,200. Major Resistance Levels – $84,000 and $85,000.

Наиболее читаемые новости

Alarming Exodus: U.S. Spot Ethereum ETFs Face...
2025-03-13
Is Crypto Bull Run Over? What’s Holding Back...
2025-03-13
Next Big Crypto: Emerging Projects That Could...
2025-03-13
ETH Surges: 50x Leverage Whale Shifts to Long...
2025-03-13
Crypto could reverse Australia’s housing cris...
2025-03-13
Bitcoin Dominates as Altcoins Struggle: Marke...
2025-03-13
Trump on D.O.G.E firings: “I feel bad, but th...
2025-03-13
What If This $0.20 Altcoin Follows XRP’s 2017...
2025-03-13

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения