This setup follows the resistance level near $83,323 and the previous fluctuation levels. If BTC breaks above $83,500, it could continue upward. Always manage risk properly!.$BTC
$BTC Over the past week, Bitcoin (BTC) has experienced a significant downturn, reaching a four-month low. On March 10, 2025, BTC's price fell to $76,867 before rebounding slightly to just above $80,000. This decline has been attributed to a combination of factors, including investor disappointment over President Donald Trump's announcement of a Bitcoin reserve that lacked plans for active government purchasing, as well as broader market concerns over tariffs and economic slowdown.
Despite these short-term challenges, analysts maintain a positive long-term outlook for Bitcoin. Predictions suggest that BTC could reach $150,000 in 2025, driven by increased institutional adoption and supportive government policies. However, in the immediate term, the market sentiment remains bearish, with key support levels to watch at $83,108, $79,929, and $74,505, and resistance levels at $91,710, $97,134, and $100,313.
Investors are advised to exercise caution, considering both the current market volatility and the potential for long-term growth. $BTC