Bitcoin (BTC)
$83,739.00
-$894.00
(-1.06%)
Today
📊 Technical Summary
Current Price: $83,739
Daily Trading Range: $83,718 – $86,259
Near Resistance: $85,000 – $85,769
Key Support: $73,000
🔍 Trend Analysis
Bitcoin is fluctuating within a narrow range from $83,000 to $85,000, indicating accumulation after a period of volatility due to new tax policies from the Trump administration. BTC's ability to hold above the 50-day moving average and challenge the $85,000 level could signal the start of a new upward trend. The next significant resistance level is the 200-day moving average at $87,500.
However, analysts warn of the potential formation of a "death cross" — when the 50-day moving average crosses below the 200-day moving average — which could signal a bearish trend in the short term.
📈 Short-Term Forecast
Bullish Scenario: If BTC surpasses the resistance level of $85,769, it may aim for the target of $90,000 – $95,000 in April, especially if selling pressure continues to decrease and demand increases.
Bearish Scenario: If BTC falls below the support level of $73,000, it could lead to a deeper correction towards the $62,500 area.
✅ Conclusion
Currently, Bitcoin is in an accumulation phase with a narrow range, waiting for clear signals from the market. Investors should closely monitor key support and resistance levels to make informed decisions.
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