Bitcoin (BTC) has experienced moderate fluctuations over the past three days, reflecting the broader cryptocurrency market’s volatility. Despite attempts at recovery, BTC has struggled to gain strong upward momentum, facing resistance near $87,000 while maintaining support around $83,000.
Recent Price Action
- March 20, 2025: Opened at $86,872.95, reached a high of $87,443.27, dropped to $83,215.90, and closed at $84,073.30.
- March 21, 2025: Opened at $84,073.30, peaked at $84,831.00, dipped to $83,215.90, and closed at $84,076.60.
- March 22, 2025: Opened at $84,076.60, hit a high of $84,526.30, a low of $83,688.20, and closed at $83,688.20.
- March 23, 2025: BTC is currently trading around $85,154.00, with an intraday high of $85,176.00 and a low of $83,693.00.
Key Support and Resistance Levels
- Immediate Support: $83,500
- Next Support Levels: $83,000 and $81,500 if bearish momentum continues
- Immediate Resistance: $85,500
- Major Resistance: $87,000
Next Three-Day Price Prediction (March 24-26, 2025)
Bitcoin’s price movement over the next three days will largely depend on market sentiment and macroeconomic factors. If BTC holds above $83,500, it could attempt to break through the $85,500 resistance level. A successful breakout may push the price toward $86,500-$87,000.
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However, if BTC struggles to maintain its current support, a drop below $83,000 could trigger further declines toward $81,500. Market participants should closely monitor trading volume and external news, as these could significantly impact BTC’s short-term trajectory.
Overall, BTC remains in a consolidation phase, and the next few days will be crucial in determining whether a bullish breakout or further downside correction occurs.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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