As of March 15, 2025, Bitcoin is trading around $80,000, having experienced a significant decline from its all-time high of $109,071 in January. This downturn has been particularly challenging for new investors, with daily losses exceeding $800 million.
Technical analysis indicates that Bitcoin is consolidating above the critical $30,000 support level. However, the Relative Strength Index (RSI) is signaling overbought conditions, suggesting a potential short-term decline. If Bitcoin falls below $30,000, it could lead to a reversal, with support levels at the 50-day moving average around $28,000 and the 200-day moving average near $25,000.
On the 4-hour chart, Bitcoin is in a consolidation phase above the $30,000 level, following a rapid ascent after breaking out from a descending channel. The RSI is near the midpoint of 50%, indicating a potential short-term retracement, especially if the $30,000 level fails to hold.
Given these technical indicators, Bitcoin's price movement in the next four hours is uncertain. Investors should monitor key support and resistance levels and consider broader market factors before making trading decisions.
