As of March 26, 2025, Bitcoin (BTC) is trading at approximately $87,264.
Over the past week, Bitcoin has experienced a 4.76% rise, though it has decreased by 8.95% over the last month. Year-over-year, Bitcoin has seen a 29.91% increase.
Technical Indicators:
Moving Averages: Bitcoin's 50-day Exponential Moving Average (EMA) is currently at $88,000, with the 200-day EMA around $80,000. The price is trading near these averages, indicating a critical support zone.
Relative Strength Index (RSI): The 14-day RSI is at 47.76, suggesting neutral market conditions without clear overbought or oversold signals.
Moving Average Convergence Divergence (MACD): The MACD is currently at -1,718.25, indicating a slight bearish momentum.
Support and Resistance Levels:
Support: Key support levels are identified at $80,400 and $74,000.
Resistance: Major resistance levels are observed at $90,700 and $93,700.
In summary, Bitcoin's technical indicators present a mixed outlook, with neutral RSI values and a slightly bearish MACD. The price is testing critical support levels near the 50-day EMA, making it susceptible to potential volatility. Investors should monitor these technical levels closely and remain cautious amid ongoing market uncertainties.