#btc As of March 25, 2025, here's the technical analysis for Bitcoin (BTC):
Technical Indicators
Relative Strength Index (RSI): The RSI has broken a 4-month downtrend on the weekly chart, indicating strong bullish divergence across multiple timeframes. This pattern resembles previous cycles where Bitcoin experienced significant rallies following similar setups.
Moving Averages:
5-Day MA: $85,944
20-Day MA: $85,089
50-Day MA: $94,158
100-Day MA: $94,843
200-Day MA: $80,499 The current price above the 200-day simple moving average ($84,899) suggests a bullish trend.
Support and Resistance Levels:
#Support: $84,899 (200-day SMA)
Resistance: $86,246 (20-day EMA) Bitcoin is currently facing resistance at the 20-day exponential moving average.
Market Sentiment:
Recent market movements show Bitcoin trading at $88,200, up from around $84,000 late Friday, indicating a positive short-term trend.
