$BTC
As of March 2, 2025, Bitcoin (BTC) is trading at approximately $85,359. The cryptocurrency has experienced a notable decline from its all-time high of $109,225 in January 2025, influenced by economic uncertainties and recent market events.
Support Levels:
$80,400: Identified as a key support level; a breakdown below this could signal further bearish momentum.
$75,000: Considered a critical support point; analysts are monitoring this level for potential buying interest.
Resistance Levels:
$91,579: The first major resistance level; surpassing this could indicate a recovery phase.
$98,500: A significant resistance point; breaching this could lead to testing higher levels.
Market sentiment has shifted towards caution, with the Fear & Greed Index reflecting "extreme fear." This sentiment, combined with broader economic factors, has contributed to recent price volatility.
Analysts suggest that if Bitcoin maintains support above $82,000, it could climb towards $86,500 and potentially retest the record $109,000.
Investors are advised to monitor these support and resistance levels closely, as they may provide insights into potential price movements in the near term.