As of March 11, 2025, Bitcoin (BTC) is trading at approximately $80,973, reflecting a decrease of 1.9% from the previous close. The intraday range has seen a high of $82,766 and a low of $76,749.
Analyzing the 30-minute time frame, recent technical indicators suggest a bearish sentiment:
Moving Averages: Both simple and exponential moving averages across various periods (MA5, MA10, MA20, etc.) are indicating 'Sell' signals.
Technical Indicators: Tools such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Average Directional Index (ADX) are also signaling 'Sell'.
These indicators collectively point toward a continued bearish trend in the short term.
For a visual representation and more detailed analysis, you can refer to TradingView's BTC/USD chart.
Please note that cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider consulting a financial advisor before making any trading decisions.
