Technical analysis by mrifkidrn about Symbol BTC on 3/24/2025

Trend OverviewBitcoin (BTC/USD) remains in an uptrend, with price holding above the ascending trendline support. The long-term bullish structure remains intact, characterized by a series of higher highs and higher lows since 2023.Key Support and Resistance LevelsPrimary Support:$80,000 - $85,000 (Trendline support zone)$75,000 (Psychological and historical support)Primary Resistance:$90,000 - $95,000 (Recent local highs)$100,000 (Major psychological level)Technical IndicatorsStochastic RSI is in the overbought zone, suggesting potential short-term consolidation or a pullback before resuming the trend.MACD shows a bullish crossover, indicating positive momentum remains strong.Volume analysis suggests buying pressure is still present but needs to increase to sustain further upside.Market OutlookBitcoin continues to respect its long-term uptrend. As long as price remains above the trendline, the bullish outlook remains valid. However, a confirmed break below $80,000 could signal a deeper correction. If Bitcoin breaks above $90,000, the next major resistance is around $100,000.