With a bounce in the encryption market, where it reached an evaluation of $ 2.7 trillion, Bitcoin returned to the top $ 83,000. Currently, it records 1.45 % over 24 hours, with a lower level in 24 hours at 81,261 dollars.
Will this short -term recovery lead to a nearly 6 % jump last night, which leads to a return to the mark of $ 90,000? Let’s discover.
Bitcoin price analysis
In the daily chart, the BTC price range offers bonds from the level of decisive support at $ 76,720 as expected in our last bitcoin’s prices, the short -term strength of the BTC price aims to re -test the EMA line for 200 days.
Currently, Bitcoin is trading near the level of $ 83,000, after a difficult candle. This has increased the chances of the positive intersection in the MACD signal.
However, the EMA 50 and 100 days lines are about to pass the negative intersection to create a sale signal. With the formation of a candle in the day, the uncertainty in the BTC price is clear.
BTC price levels, analyst key
Ali Martinez, an encryption analyst, highlights the possibility of a gathering in Bitcoin. The analyst highlights an upward triangle style with a top roof of approximately $ 8,3500.
#Bitcoin $ BTC It can be about to collapse 8 %! pic.twitter.com/jtibtthgjj
Ali (ali_charts) March 12, 2025
Short -term recovery is the possibility of an 8 % recovery collection. Moreover, the analyst also highlights decisive resistance between $ 84200 and $ 86,750.
Data on the series from @inotheblock It highlights two main support levels #Bitcoin $ BTC: 79,270 dollars and 69,450 dollars. pic.twitter.com/gylqmgbjce
Ali (ali_charts) March 12, 2025
This supply zone contains 287.2 kg BTC in the 556.03k addresses. On the other hand, the analyst highlights the decisive support between $ 79,200 and 81,700 dollars, and holds 301.41K BTC in the titles of 368.55 thousand.
Bitcoin’s investment funds are recorded seven days of successive external flows
As inside the day despite the short -term recovery, the American Bitcoin Part of the Investment Funds circulating Maintaining a net net flow from the external flow of $ 371 million on March 11. This represents the seventh consecutive day of the external flow of BTC ETFS.
Of the 12 in circulating investment funds, three zero net flows recorded while Blackrock and Fedelity led the external flow. In terms of canceling Blackrock download, $ 151.26 million, sincerity has recorded $ 107.10 million.
BTC price goals
Depending on the projection analysis, the short -term recovery in Bitcoin is hinting that a bullish continues to re -test the EMA 200 broken line at $ 85,650. With optimism, it can challenge the process of recovering on the eastern direction line near the $ 90,000 brand. On the other hand, the decisive support remains near $ 76,700.
