Analysis $BTC 12/03/2025
#BTC, we are starting to improve here, notice that we had a daily close very close to where it would be ideal, $84,200. Unfortunately, we now have more problems ahead, at $90,100 is where we have the EMA 200 (4) acting as resistance now, which should make it more difficult to get past there, however, a recovery from that level is what will put us back in the game.
Tomorrow we have the continuation of important Economic Data that will be used in the FED's assessment next week, so... expect some more volatility.
I think the orange range is the strongest support here and that we don't necessarily need to return there, but for that, we need to recover $84,200 without fail tomorrow, and it would be ideal to achieve this before the data comes out.
Most Traders, Investors, and even analysts remain bearish here, but I think that all this situation with TRUMP's tariffs should start to settle down in the coming weeks, and it is quite likely that we will have something good coming from the FED, which puts us back in a good scenario to have a good month in March, after all, there is still time for that.
The RSI still offers good room for us to continue recovering, and although the EMA 50 is now literally on top of the price, it is still likely that we will break it.
It looks good, and the Asian BULLS just need to keep the price above $82,200 in these first hours, so that in the next 8 hours we can have some success in reaching $90K.
The spot buyers led this initial movement, it is something healthy and apparently TRUE support, so... don't tip the table yet.
Tomorrow's Economic data will influence the price here, anything good there, then we will attack higher.
$95K again, soon!
#BTC, we are starting to improve here, notice that we had a daily close very close to where it would be ideal, $84,200. Unfortunately, we now have more problems ahead, at $90,100 is where we have the EMA 200 (4) acting as resistance now, which should make it more difficult to get past there, however, a recovery from that level is what will put us back in the game.
Tomorrow we have the continuation of important Economic Data that will be used in the FED's assessment next week, so... expect some more volatility.
I think the orange range is the strongest support here and that we don't necessarily need to return there, but for that, we need to recover $84,200 without fail tomorrow, and it would be ideal to achieve this before the data comes out.
Most Traders, Investors, and even analysts remain bearish here, but I think that all this situation with TRUMP's tariffs should start to settle down in the coming weeks, and it is quite likely that we will have something good coming from the FED, which puts us back in a good scenario to have a good month in March, after all, there is still time for that.
The RSI still offers good room for us to continue recovering, and although the EMA 50 is now literally on top of the price, it is still likely that we will break it.
It looks good, and the Asian BULLS just need to keep the price above $82,200 in these first hours, so that in the next 8 hours we can have some success in reaching $90K.
The spot buyers led this initial movement, it is something healthy and apparently TRUE support, so... don't tip the table yet.
Tomorrow's Economic data will influence the price here, anything good there, then we will attack higher.
$95K again, soon!
