#TradingAnalysis101

On March 11, 2025, the cryptocurrency market experienced a scenario of high volatility, with Bitcoin (BTC) dropping to $79,000, a retraction of 3.31% in the last 24 hours. This decline raised concerns about a possible deeper correction, leading BTC to lower levels not seen in the last four months. Technical analysis indicates a formation of a descending wedge, a pattern that often signals a bullish reversal if the price can break the resistance around $90,000.

However, if BTC fails to maintain the current support, there is a chance of testing the mark of $75,000, which would represent a considerable correction. Additionally, the accumulation activity of whales and large investors has significantly increased, with about 5,000 BTC added to the market between March 3 and March 11. Nonetheless, the price of Bitcoin has yet to reflect a significant response to these purchases.

The current scenario is one of uncertainty, with potential for significant movements both upwards and downwards. Investors should closely monitor key support and resistance levels.