Will Bitcoin (BTC) Surge Past $85,000? Price Recovery Opportunities (3/14/25)

Jakarta, Pintu News – Bitcoin BTC->Current BTC PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 has started a recovery wave above the $80,000 zone. Currently, Bitcoin (BTC) is on the rise and may try to break above the $84,000 and $85,000 levels.

Bitcoin (BTC) Price Recovery

Bitcoin (BTC) remains strong above the $78,000 level. Bitcoin (BTC) formed a bottom and recently started a recovery wave above the $80,000 resistance level. The bulls managed to push the price past the $82,000 resistance level. The price has also surpassed the 23.6% Fib retracement level of the downward wave from the high of $91,060 to the low of $76,820. However, the bears are now active near the $84,000 resistance zone.

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Bitcoin (BTC) Price Increase Potential

Currently, Bitcoin (BTC) price is trading above $82,000 and the 100-hour simple moving average. There is also a bullish trend line connected to the support at $82,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $84,000 level and the 50% Fib retracement level of the downward wave from the $91,060 high to the $76,820 low. The first key resistance is near the $85,000 level. The next key resistance might be $85,650.

Possible Bitcoin (BTC) Price Drop

If Bitcoin (BTC) fails to rise above the $84,000 resistance zone, the price could start declining again. Immediate support on the downside is near the $82,000 level and the trend line. The first major support is near the $81,200 level. The next support is now near the $80,000 zone. Further losses will probably send the price towards the $78,000 support in the short term. The major support is at $76,500.

Technical Indicators

– Hourly MACD – MACD is currently gaining momentum in the bullish zone. – Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level. Key Support Level – $82,000, followed by $81,200. Key Resistance Levels – $84,000 and $85,000.

Conclusion

With strong support above $80,000 and the potential to break above $85,000, the chances of Bitcoin (BTC) price recovery seem quite bright. However, if it is unable to break the existing resistance, we may see a price drop back to lower levels.

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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 Price Recovery to $85K. Accessed on March 14, 2025
• Featured Image: Generated by AI