Bitcoinist 2025-03-16 13:30:06

Bitcoin Breakout Struggles Linger: Here Are The Levels To Watch

The Bitcoin price closed the past week on a positive note and will be hoping to start the new week on an even stronger foot. However, sideways movement has been a constant feature in the weekend price action of Bitcoin so far in 2025. Similarly, the flagship cryptocurrency has struggled to build on Friday’s momentum , recording no significant change in the past day. A market analytics firm MoreCryptoOnline has identified specific price levels that might be crucial to the future price trajectory of BTC. Here’s Why Bitcoin Must Break Resistance At $86,700 In a March 15 post on the X platform, MoreCryptoOnline shared an interesting Bitcoin price analysis, identifying the important levels for potential short-term movements. In the past week, Bitcoin produced a rather choppy price movement characterized by a series of gains and losses of almost similar margins. In this case, overwhelming selling pressure could force the price of Bitcoin to around $77,859, with the risk of falling to as low as $71,011. Bitcoin Price At A Glance As of this writing, Bitcoin is priced at around $84,050, reflecting no significant movement in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by over 2% in the last seven days. With a market cap of $1.67 trillion, BTC remains the world’s largest cryptocurrency. The price of BTC is hovering around the $84,000 mark on the daily timeframe | Source: BTCUSDT chart on TradingView