Attempting to break after 15 days of consolidation, will March bring back the upward momentum, or should we wait for April❓ If the upward trend continues, will $200K be the next main target, or will we see a drop to $70K or below❓ $BTC/USDT shows signs of recovery – will the bulls push it higher?

BTC

84,318.74

+1.6%

$BTC is currently trading at $84,230, showing an increase of 0.89 percent in the last twenty-four hours. The price bounced from a low of $83,618, attempting to regain lost ground after a sharp decline.

Key levels to watch

Resistance: $84,500 – a breakout above this level could push BTC towards $84,800 and $85,300.

Support: $83,800 – if BTC fails to hold, expect a drop towards $83,500 and $83,200.

Trade setup

Long entry: If BTC remains above $84,200, potential targets are $84,500 and $85,300.

Short entry: A rejection at $84,500 could lead to a drop towards $83,800 and $83,500.

Stop loss: Below $83,600 to limit downside risk.

Market insights

Volume is recovering, indicating renewed buying interest.

Parabolic SAR indicates an upward trend, suggesting continued upward momentum.

The order book shows a buyer dominance of 73 percent, indicating that buyers are in control.

BTC shows strength, but it needs to break above $84,500 for further upside. Failure to break resistance could lead to consolidation or a pullback.