$BTC March 21, 2025, Bitcoin (BTC) is trading at approximately $84,087, reflecting a decrease of about 2.6% from the previous close.
Price Fluctuations:
Over the past 24 hours, Bitcoin surged to $87,000 following President Donald Trump's announcement to position the U.S. as a leader in Bitcoin and cryptocurrency. However, the price subsequently corrected to around $83,000, indicating market volatility in response to political developments.
Technical Analysis:
Bitcoin faced resistance near the $87,500 level, leading to a price correction below $85,000. Market manipulation tactics, such as spoofing, have been identified as factors preventing rallies beyond this resistance point, despite continued ETF inflows.
Support:
Immediate support is observed around $82,946, with potential for a rebound if the price approaches this level.
Resistance:
A successful break above $86,903 could lead to targets at $90,177 and $95,060, indicating a bullish trend.