VIKAS JANGRA
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🚀 Bitcoin Surges Past $83K – Is $90K the Next Target? 🚀
With the crypto market bouncing back to a $2.7 trillion valuation, Bitcoin has climbed above $83,000, marking a 1.45% gain in 24 hours after a dip to $81,261. This short-term rally, following a 6% jump last night, is raising hopes for a potential move toward $90,000! 📈
🔍 Bitcoin Price Analysis
Bitcoin is showing strength after rebounding from its $76,720 support level. The daily chart indicates that BTC is retesting the 200-day EMA, which could confirm a bullish trend.
✅ Bullish Signals:
🔹 A bullish engulfing candle hints at strong buying pressure.
🔹 The MACD indicator is nearing a positive crossover, supporting a breakout rally.
⚠️ Bearish Risks:
🔹 The 50 & 100-day EMA lines are on the verge of a negative crossover, which could trigger selling pressure.
🔹 A doji candle in today’s trading session signals market uncertainty.
📊 Analyst Insights – Key BTC Levels
Crypto analyst Ali Martinez highlights an ascending triangle breakout pattern, with a resistance level near $83,500. If Bitcoin breaks past this barrier, we could see an 8% price surge. 🚀
🔹 Crucial Resistance: $84,200 – $86,750
🔹 Strong Support: $79,200 – $81,700
📉 Bitcoin ETFs Face 7 Days of Outflows
Despite Bitcoin’s recovery, BTC ETFs recorded a net outflow of $371M on March 11, marking seven consecutive days of outflows. Notably, BlackRock and Fidelity led the sell-off, offloading $151.26M and $107.10M, respectively.
🎯 BTC Price Targets
🔹 Bullish Scenario: If Bitcoin maintains momentum, it could retest the 200 EMA at $85,650 and potentially push toward $90,000.
🔹 Bearish Scenario: A rejection at resistance could lead to a drop toward $76,700 support.
Will Bitcoin break through resistance and reclaim its all-time highs? Or will selling pressure push it lower? Let us know your thoughts in the comments! 👇
💡 Follow @VIKAS JANGRA for real-time updates and expert analysis!
💙 Like, comment, and hit the "Tip" button to support quality crypto insights! 🚀
$BTC
With the crypto market bouncing back to a $2.7 trillion valuation, Bitcoin has climbed above $83,000, marking a 1.45% gain in 24 hours after a dip to $81,261. This short-term rally, following a 6% jump last night, is raising hopes for a potential move toward $90,000! 📈
🔍 Bitcoin Price Analysis
Bitcoin is showing strength after rebounding from its $76,720 support level. The daily chart indicates that BTC is retesting the 200-day EMA, which could confirm a bullish trend.
✅ Bullish Signals:
🔹 A bullish engulfing candle hints at strong buying pressure.
🔹 The MACD indicator is nearing a positive crossover, supporting a breakout rally.
⚠️ Bearish Risks:
🔹 The 50 & 100-day EMA lines are on the verge of a negative crossover, which could trigger selling pressure.
🔹 A doji candle in today’s trading session signals market uncertainty.
📊 Analyst Insights – Key BTC Levels
Crypto analyst Ali Martinez highlights an ascending triangle breakout pattern, with a resistance level near $83,500. If Bitcoin breaks past this barrier, we could see an 8% price surge. 🚀
🔹 Crucial Resistance: $84,200 – $86,750
🔹 Strong Support: $79,200 – $81,700
📉 Bitcoin ETFs Face 7 Days of Outflows
Despite Bitcoin’s recovery, BTC ETFs recorded a net outflow of $371M on March 11, marking seven consecutive days of outflows. Notably, BlackRock and Fidelity led the sell-off, offloading $151.26M and $107.10M, respectively.
🎯 BTC Price Targets
🔹 Bullish Scenario: If Bitcoin maintains momentum, it could retest the 200 EMA at $85,650 and potentially push toward $90,000.
🔹 Bearish Scenario: A rejection at resistance could lead to a drop toward $76,700 support.
Will Bitcoin break through resistance and reclaim its all-time highs? Or will selling pressure push it lower? Let us know your thoughts in the comments! 👇
💡 Follow @VIKAS JANGRA for real-time updates and expert analysis!
💙 Like, comment, and hit the "Tip" button to support quality crypto insights! 🚀
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
