Support and resistance prices for Bitcoin (BTC) are constantly changing according to market conditions. According to current data, the price of Bitcoin is approximately $83,360, with an increase of 5.13% from the previous day.
*Key support and resistance levels:*
- *Support level*: Levels of $78,000 and $73,072 are considered support zones for Bitcoin, where the market is expected to see a rebound if it reaches this level.
- *Resistance level*: The main resistance level is at the $85,000 area, where Bitcoin faced rejection from the descending trend line at this level. If Bitcoin can break through this level, it may reach $90,000 and higher levels of March 2 at the $95,000 area.
*Technical indicators:*
- *Relative Strength Index (RSI)*: The RSI is at levels of 45, indicating a downward trend after facing rejection from the neutral levels of 50.
- *200-day Exponential Moving Average*: This level is critical in determining Bitcoin's direction, as its resilience could lead to a rebound.