🚨🚨 DON'T MISS OUT 🚨🚨
CURRENT BITCOIN SUPPORT LEVELS
1. The most recent low is $78,200.
Just before the surge of Trump's announcement, at the end of February 2025, Bitcoin reached its current low for 120 days. This technical and psychological level supported the last sell-off. Deeper declines may be anticipated if a break below occurs.
2. $74,000 for Useful Months
At around $74,000, Bitcoin crosses the 200-day moving average and a multi-purpose horizontal line connecting the highs of March and October 2024. In this reliable support zone, long-term investors may decide to participate.
3. $87,000 for Temporal Support
Just above the range before the announcement, $87,000, which corresponds to the 50-day moving average, served as resistance during the consolidation period. If selling pressure eases, this may serve as a short-term support level.
4. Psychological Level: $92,000
Before the drop, the volatility caused by tariffs in early February turned $92,000 into a battleground. For the market to continue rising, bulls need to defend this important milestone.
If Bitcoin cannot hold $78,200, the next major support level, which correlates with the pre-election levels in October 2024, will be $67,000. On the positive side, a return to $94,000 could improve sentiment towards $100,000.
💥Bitcoin has both advantages and disadvantages related to Trump's decision on March 3. When the initial excitement gave way to profit-taking, implementation issues, and macroeconomic headwinds, the price fell as reality became clear. How international markets react to the upcoming tariffs and whether the government will act swiftly to address the strategic reserve issue will determine Bitcoin's fate in the foreseeable future.
The specified support levels will determine how these tumultuous events unfold, so traders should keep a close eye on them.