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    Bitcoin Value Steadies—Is a Significant Bounce on the Horizon?
    Bitcoin

    Bitcoin Value Steadies—Is a Significant Bounce on the Horizon?

    By Crypto EditorMarch 14, 2025No Comments3 Mins Read
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    Bitcoin Value Steadies—Is a Significant Bounce on the Horizon?

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    Bitcoin worth began a restoration wave above the $80,500 zone. BTC is now rising and would possibly intention for a transfer above the $84,000 and $85,000 ranges.

    • Bitcoin began a good restoration wave above the $81,000 zone.
    • The worth is buying and selling above $81,500 and the 100 hourly Easy shifting common.
    • There was a break beneath a short-term bullish pattern line with assist at $83,000 on the hourly chart of the BTC/USD pair (information feed from Kraken).
    • The pair might begin one other improve if it clears the $82,500 and $84,000 ranges.

    Bitcoin Value Eyes Regular Enhance

    Bitcoin worth remained steady above the $78,000 degree. BTC fashioned a base and just lately began a restoration wave above the $80,500 resistance degree.

    The bulls pushed the worth above the $82,000 resistance degree. Nonetheless, the bears had been lively close to the $84,000 resistance zone. A excessive was fashioned at $84,200 and the worth corrected some good points. There was a transfer beneath the $83,000 degree.

    The worth dipped beneath the 50% Fib retracement degree of the upward transfer from the $76,818 swing low to the $84,200 excessive. Apart from, there was a break beneath a short-term bullish pattern line with assist at $83,000 on the hourly chart of the BTC/USD pair.

    Bitcoin worth is now buying and selling above $81,200 and the 100 hourly Easy shifting common. On the upside, speedy resistance is close to the $82,450 degree. The primary key resistance is close to the $84,000 degree. The subsequent key resistance might be $85,000.

    Bitcoin Price
    Supply: BTCUSD on TradingView.com

    A detailed above the $85,000 resistance would possibly ship the worth additional larger. Within the acknowledged case, the worth might rise and check the $86,500 resistance degree. Any extra good points would possibly ship the worth towards the $88,000 degree and even $96,200.

    One other Drop In BTC?

    If Bitcoin fails to rise above the $82,450 resistance zone, it might begin a recent decline. Speedy assist on the draw back is close to the $80,500 degree. The primary main assist is close to the $79,600 degree or the 61.8% Fib retracement degree of the upward transfer from the $76,818 swing low to the $84,200 excessive.

    The subsequent assist is now close to the $78,500 zone. Any extra losses would possibly ship the worth towards the $77,000 assist within the close to time period. The principle assist sits at $76,500.

    Technical indicators:

    Hourly MACD – The MACD is now gaining tempo within the bullish zone.

    Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 degree.

    Main Assist Ranges – $80,500, adopted by $79,600.

    Main Resistance Ranges – $82,450 and $84,000.



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