As of March 25, 2025, Bitcoin (BTC) is trading at approximately $88,420 USD.
Moving Averages:
• Short-Term (10-day EMA): Positioned around $96,688, indicating immediate support.
• Medium-Term (30-day SMA): Near $98,229, aligning with short-term resistance.
These moving averages suggest a consolidation phase, with prices navigating between support and resistance levels.
Resistance Levels:
• Immediate Resistance: Approximately $90,700.
• Secondary Resistance: Near $93,700.
Breaking above these levels could signal bullish momentum, potentially targeting the $100,000 mark.
Support Levels:
• Primary Support: Around $73,800.
• Secondary Support: Between $95,000 and $92,000.
Maintaining above these supports is crucial to prevent further declines.
#btc $BTC
Currently at 60.47, the RSI indicates that Bitcoin is in bullish territory but not yet overbought, suggesting room for upward movement.
Directional Movement Index (DMI):
The Average Directional Index (ADX) stands at 27.3, reflecting a strong trend. The +DI at 27.8 and -DI at 11.9 indicate that buying pressure outweighs selling pressure.
Moving Average Convergence Divergence (MACD):
The MACD is in positive territory, supporting the bullish outlook.
In summary, Bitcoin’s technical indicators present a cautiously optimistic scenario. Overcoming resistance levels around $90,700 and $93,700 could pave the way toward $100,000. Conversely, failure to maintain current support levels may lead to a retest of lower supports. Investors should monitor these key levels and indicators closely to inform their trading decisions.
