Bitcoin (BTC) is below its 200-day moving average, this is its critical price level in March 2025!

Jakarta, Pintu News – In the past week, Bitcoin (BTC) has experienced a sharp decline of 11.3%, with its trading value now hovering around the low $80,000s. This decline has brought Bitcoin (BTC) below its 200-day moving average, a critical indicator that is often considered a strong support boundary. This has sparked concerns among investors and analysts about the possibility of an even deeper decline.

Bitcoin (BTC) Should Maintain This Critical Price Level

According to analysis from Ali Martinez posted on X, Bitcoin (BTC) is currently trading below its 200-day moving average. This level has historically served as strong support for this leading digital asset. If Bitcoin (BTC) is unable to maintain this support, there is a chance that the asset will see a further decline.

A break below this moving average signals a change in momentum that may not be favorable for long-term Bitcoin (BTC) holders. Investors and traders should closely monitor whether Bitcoin (BTC) can return above this level or if it will continue to slide.

Also Read: Bitcoin and Stock Market Plummet, Arthur Hayes Asks Investors to Be Patient: Why is Crypto Red?

Bitcoin (BTC) needs to reclaim $84,000 as a first step

In a separate analysis, Martinez also emphasized that Bitcoin (BTC) needs to reclaim the $84,000 price as a support level before it can move up significantly. This is an important step to restore investor confidence and pave the way to new highs.

Without a recovery to this level, the short-term outlook for Bitcoin (BTC) may remain bearish. A recovery above $84,000 would be a key indicator that Bitcoin (BTC) is ready to resume its uptrend and possibly reach a new price record.

Related News and Market Analysis

Some related news to note include Bitcoin’s (BTC) drop below its 200-day moving average with the next key support at $66,000, according to Mayer Multiple. In addition, the $931 million Bitcoin (BTC) movement associated with Mt. Gox has caused anxiety in the market.

Another question that arises is whether it is a good time to buy on dips? One analyst stated that the drop to $80,000 is only a stop before it surges to $150,000. This information is important for those looking for entry points or trading strategies in the face of market volatility.

Conclusion

With all these indicators and analysis, market participants should remain vigilant and prepared for any eventuality. Monitoring critical support levels and the market’s response to recent news will be key in navigating this volatile Bitcoin (BTC) market.

Also Read: Drastic 19% Drop in Solana Futures – Here’s Solana’s Technical Outlook in March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Slips Under 200-Day Moving Average, Will the Downtrend Continue? Accessed on March 12, 2025
• Featured Image: The image created by AI