Bitcoin ($BTC ) Market Analysis โ€“ March 13, 2025 ๐Ÿš€

๐Ÿ“Š BTC Price Overview:

Current Price: $83,055

24-Hour Change: -1.34%

Intraday High: $84,302

Intraday Low: $80,625

๐Ÿ” Technical Analysis:

Support Level: $80,000

Resistance Level: $85,000

Relative Strength Index (RSI): 45 (Neutral)

Moving Averages: 50-day SMA at $82,000; 200-day SMA at $90,000

๐Ÿ”ฅ Key Market Factors:

US CPI Data:

February's Consumer Price Index (CPI) increased by 0.4%, with a 2.6% rise over the last 12 months. This cooler inflation rate may provide the Federal Reserve with flexibility in monetary policy, potentially benefiting risk assets like Bitcoin.

Technical Indicators:

Bitcoin's RSI is at 45, indicating a neutral market sentiment. The 50-day SMA is approaching the current price, suggesting a potential support level.

Market Sentiment:

The Fear & Greed Index is at 45, reflecting a state of fear among investors, which could lead to increased volatility.

๐Ÿ“ˆ Potential Scenarios:

Bullish Case: If BTC breaks above the $85,000 resistance, it could target the next resistance at $90,000.

Bearish Case: A drop below the $80,000 support may lead to a decline toward the $75,000 level.

Stay informed and trade wisely! #btc #crypto_analysis #bnb #FollowTheLadTrader $BNB