Technical analysis by King-Rk about Symbol BTC on 3/28/2025

Since January 20, a notable bearish channel has taken shape, favoring selling pressure and driving BTC down to $77,000 in recent weeks. At present, the price is testing the upper boundary of the channel, but recent buying attempts have not been strong enough to trigger a breakout.RSI IndicatorThe RSI line initially showed a strong upward slope, but this momentum has faded as the indicator approaches the neutral 50 line, suggesting a balance between buyers and sellers. This reinforces the resistance posed by the upper edge of the bearish channel.MACD IndicatorA similar situation is developing in the MACD, where the histogram has begun to decline steadily, nearing the zero line. This behavior points to a lack of strength in the moving average trends and may indicate that neutrality could continue to dominate BTC price action in the near term.Key Levels:$98,900 – Distant resistance: This level sits near the mid-range zone of a large sideways range observed in previous weeks. A bullish move toward this area could revive the forgotten bullish bias and reestablish the importance of the broader lateral structure.$90,000 – Major resistance: Arguably the most relevant resistance zone at the moment. It aligns with the Ichimoku cloud and the upper limit of the current bearish channel. A breakout above this level could jeopardize the prevailing downtrend and introduce a strong bullish momentum.$78,600 – Key support: This level marks the recent low for BTC. If the price drops back to this zone, it could provide confirmation for the continuation of the bearish channel.Are you ready for your profit plan? The recent market fluctuations are large, if you trade alone, you will face more risks, if you are not completely sure, maybe burn your account, if you want to avoid such risks, contact me, I will help you!t.me/+g8sFXD0sIKZjZTBk