Free signal
Bitcoin
Trading Range: Bitcoin is currently consolidating within a range of $87,341 to $90,907, which serves as key support and resistance levels.
Short-Term Outlook
Bullish Scenario: If Bitcoin breaks above the rising wedge and surpasses the $90,907 resistance, it could aim for higher targets such as $94,000 or even retest its all-time high of $109,079 from 2024.
Bearish Scenario: A breakdown below the wedge and the $87,341 support level could trigger a decline toward $82,000 or lower, particularly if broader market sentiment turns negative.
Summary
As of March 26, 2025, Bitcoin’s chart shows it in a consolidation phase within a rising wedge between $87,341 and $90,907. The 14-day RSI at 67.83 reflects neutral momentum, while the 50-day and 100-day moving averages provide bullish support. Resistance at $90,907 is a critical level to watch—a breakout could spark a rally, while a breakdown might lead to a drop. External factors like geopolitics and regulations could also sway the next move. Keep an eye on these levels for Bitcoin’s direction!
If you’d like more details or have specific questions about the chart, feel free to ask!