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Home»EXCHANGE NEWS»Bitcoin price recovery more than $ 85K -Will the bull come in?
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Bitcoin price recovery more than $ 85K -Will the bull come in?

By Crypto FlexsMarch 21, 20253 Mins Read
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Bitcoin price recovery more than $ 85K -Will the bull come in?
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Bitcoin Price has begun recovery of more than $ 80,000. The BTC is currently rising and aims to move more than $ 84,000 and $ 85,000.

  • Bitcoin has begun a decent recovery than a $ 80,000 area.
  • The price is more than $ 82,000 and a 100 -hour simple moving average.
  • There is a strong trend line that provides $ 82,000 support on the time chart of the BTC/USD pair.
  • This pair can start another increase by removing $ 84,000 and $ 85,000.

Bitcoin price eye breaks down

Bitcoin prices were higher than $ 78,000. The BTC has formed the basics and has recently begun recovery of more than $ 80,000.

Bulls has extracted the price over $ 82,000. This price has returned to $ 236,820 after 23.6%FIB from $ 91,060 down waves. But bears are now active near the $ 84,000 resistance area.

Bitcoin Price currently trades a simple $ 82,000 and 100 -hour simple moving average. There is also a strong trend line that provides $ 82,000 support on the BTC/USD pair.

Conversely, the immediate resistance is close to $ 84,000, and the level of $ 91,060 is 50% FIB from the downward wave to $ 76,820. The first main resistance is close to $ 85,000. The next key resistance can be $ 85,650.

Bitcoin price
Source: TradingView.com BTCUSD

The price may be higher than the resistance of $ 85,650. If specified, the price rises and can test the resistance of $ 86,500. No more profit can be sent to $ 88,000 or $ 96,200.

Another fall of BTC?

If Bitcoin does not exceed the $ 84,000 resistance area, a new reduction may begin. Immediate support for the shortcomings is close to the $ 82,000 level and the trend line. The first main support is close to $ 81,200.

The next support is now near $ 80,000. Loss is no longer a price of $ 78,000 in the short term. The main support is $ 76,500.

Technical indicators:

Time MACD -MACD is now getting pace from the strong zone.

Time RSI (Relative Strength Index) -The RSI of BTC/USD now exceeds 50 levels.

Major support levels -$ 82,000, then $ 81,200.

Main resistance level -$ 84,000 and $ 85,000.

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