Technical analysis by Rick-RPG about Symbol BTC on 3/8/2025

The basic support and resistance levels to be followed at the moment were $ 86.189 on Saturday, the market value was $ 1,70 trillion, a 24 -hour global trading volume was 4,762 billion dollars, the lowest in the day was 85.109 dollars and the highest 91,081 dollars; The 1 -hour graph of the Historical Summit on January 20, 2025 is 20.7 %. The decreasing volumes indicate a strong deficiency of momentum. Short -term resistance at $ 88,000 acts as a barrier in front of more gains, while a fracture of less than $ 84,000 can cause more decrease. Moving averages support the short -term decline tendency; The exponential moving average (10) is at 88.449 dollars, and the simple moving average (10) is at $ 87,626 and both gives a sales signal. However, Momentum (10) continues to remain in the purchase zone of the oscillator, which is a harbinger of a possible upward movement in the short term. The price of consolidated between $ 85,000-88,000 shows that there is a contention between buyers and sellers. The lack of a higher summit increased the concerns that weakness would continue without a definite break. The moving averages maintain the decline tendency and indicate all important levels of sales pressure from the top moving average (20) in the dollar of $ 90,374 (20) to the simple moving average (50) in the dollar of $ 96,459. While increasing over $ 90,000 can lead to a bull -oriented output, not exceeding $ 88,000 may lead to re -testing of $ 81,000. The daily graph has a wider decrease tendency, but the recent attempt to recover at $ 78.197 has created a potential interest. While there is a strong support of around $ 78,000, it seems difficult to break the resistance of $ 90,000. The relative power index (RSI) is at the level of 41 and indicates neutral momentum, while the mobile average convergence decomposition (MACD) level is at -2.565 and indicates a possible purchase signal. While the return should be exceeded to $ 90,000 to confirm the return, it can lead to more losses to fall below $ 78,000. Generally, Bitcoin's price movement remains intermittently and it needs to be over $ 90,000 to turn the emotion in favor of the bulls. On the other hand, if the critical support levels of $ 84,000 and $ 81,000 are not protected, the decline may increase. The price movement is likely to fluctuate within significant resistance and support intervals before a clear movement takes place. Investors closely follow the volume approval to determine the next major movement. Moving average convergence deviation (MACD) levels and the momentum oscillator point to a possible upward move, while the 200 -term moving average long -term support remains in place. Increased volume of a strong breaking may indicate the beginning of a new rise trend. If the support levels of $ 84,000 and $ 81,000 are broken, the probability of a decrease towards $ 78,000 will increase. With the continuation of the purchase volume, a significant return pattern will remain vulnerable to market sales pressure.