#TradingAnalysis101

March 11, 2025

The cryptocurrency market has shown significant movements recently, influenced by technical and fundamental factors.

Technical Analysis:

Bitcoin (BTC): Currently trading around $80,800, with a decrease of 2.51% in the last 24 hours. The key support is at $76,749, while the resistance is at $82,877. Technical indicators suggest a possible consolidation in the short term.

Ethereum (ETH): It is at $1,880, with a drop of 11.29%. Immediate support is at $1,792 and resistance at $2,119. The downward trend could continue if resistance is not surpassed.

Binance Coin (BNB): Trading at $545, with a decrease of 3.41%. Support is at $511 and resistance at $565. Price action indicates a possible accumulation phase.

Relevant News:

VanEck Predictions: The asset manager VanEck anticipates a correction in the crypto market in the first quarter of 2025, followed by all-time highs in the fourth quarter. They project that Bitcoin could reach $180,000 and Ethereum $6,000 by the end of the year.

Javier Ruiz's Outlook: Journalist Javier Ruiz points out a speculative bubble in the cryptocurrency market, although he does not foresee an imminent burst. He highlights the entry of traditional investors and European regulation as key factors.

The cryptocurrency market is undergoing an adjustment phase, with expectations of long-term growth. Investors should consider both technical analyses and fundamental news when making trading decisions.