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Can Bitcoin (BTC) Hold Above $82K, or Is a Correction Coming?
Bitcoin (BTC) is holding above $82K but faces resistance near $85K.
The market cap stands at $1.63T, with trading volume down 48.64%.
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Bitcoin
BTC
$82,820.00
0.3%
Ethereum
ETH
$1,931.49
1.5%
Tether
Tether
USDT
$0.9999
0.0%
BNB
BNB
$617.63
2.0%
Solana
SOL
$125.87
1.0%
Powered by
CoinGecko
Can Bitcoin (BTC) Hold Above $82K, or Is a Correction Coming?
Sindhu
Published on Mar 16, 2025 at 6:34 PM
Updated on Mar 16, 2025 at 6:36 PM
google-news
Can Bitcoin (BTC) Hold Above $82K, or Is a Correction Coming?Bitcoin News
Bitcoin (BTC) is holding above $82K but faces resistance near $85K.
The market cap stands at $1.63T, with trading volume down 48.64%.
Bitcoin (BTC) is trading at $82,667, down 2.11% in the past 24 hours. The market cap has slipped to $1.63 trillion, reflecting a 2.06% decline. Trading volume has dropped 48.64% to $13.6 billion, bringing the market cap ratio to 0.8292%.
Brazil is making strides in digital finance with a proposal to allow employees to receive salaries in Bitcoin. Meanwhile, Goldman Sachs and BlackRock have ramped up their BTC exposure. These investments highlight Bitcoin’s growing presence in traditional finance, encouraging institutional investors to reconsider crypto allocations despite macroeconomic uncertainties.
Will BTC Regain Its Momentum?
Bitcoin faces immediate resistance at $83,151. If bulls push past this level, BTC could rally toward $85,000, with a potential test of $86,500 if momentum strengthens. On the downside, the nearest support is $82,400. A break below this level could send Bitcoin toward $80,000, with a deeper correction possible near $78,500.