#TradingAnalysis101

On March 11, 2025, the crypto market experienced significant volatility, particularly with Bitcoin (BTC). The price of BTC dropped to $79,000, marking a decline of 3.31% in the last 24 hours. This drop raised concerns that BTC may be approaching its lowest level in the last four months.

Technical analysis indicates that BTC is currently in a falling wedge pattern, which typically signals potential bullish reversal if the price manages to break through the upper resistance line. The next key resistance level is estimated to be around $90,000.

However, if the price of BTC fails to maintain the current support level, there is a possibility that the price will retest the $75,000 level, marking a deeper market correction.

It is important to note that accumulation activity by whales and sharks has increased, with nearly 5,000 BTC added to the market between March 3 and March 11. Nevertheless, the market price has not shown a significant response to this buying activity.

Overall, the crypto market is currently in a phase of uncertainty, with potential significant movements both upwards and downwards. Investors are advised to monitor key support and resistance levels as well as other technical indicators before making trading decisions.