$BTC

Bitcoin Analysis Today

As of March 16, 2025, Bitcoin (BTC) is trading at $84,280, with a slight decrease of 0.00033% from the previous close.

Key Technical Levels:

Support:

$83,000: This is considered a critical support level; breaking it could lead to further declines towards $78,000.

$78,500: A major institutional support level; its resilience may indicate a potential rebound.

Resistance:

$85,000 - $86,000: A key resistance area; surpassing it may drive the price towards $90,000 or more.

$88,800: Breaking this level may indicate strong bullish momentum.

Technical Indicators:

Relative Strength Index (RSI): At 56.59, it indicates a state of buying.

Stochastic: At 99.072, it indicates an overbought condition.

MACD: At 318.3, it indicates a buy signal.

Forecasts and Strategies:

Bullish Scenario:

Breaking the $85,000 level and maintaining above it may lead to targeting levels of $90,000 and above.

Bearish Scenario:

Breaking below the $83,000 level may lead to a decline towards $78,000.