Bitcoin monthly trap keeps the rise momentum alive, but a decrease below $ 80,000 can be destructive
According to Crypto’s recently noted crypto analyst Titan’s recent X article, Bitcoin (BTC) closed March 2025 monthly candle above 38.2% Fibonacci’s withdrawal level and kept its rise scenario for the leading digital asset.
Bitcoin rise scenario is still alive
Although the year started in a western way, BTC closed the first quarter of 2025 with a strong enough note and strengthened the rise appearance. Crypto crypto analyst Titan stressed that BTC’s March 2025 monthly candle was closed above the 38.2% Fibonacci retreat level.
For inexperienced, Fibonacci retreat levels are horizontal lines used in technical analysis to identify potential support and resistance levels based on basic fibonacci sequence rates -23.6%, 38.2%, 50%, 61.8%and 100%.
Fibonacci retreat levels are drawn by measuring the vertical distance between a high and low point in a price graph, and then applying these percentages to estimate where price corrections may be.
In a separate X Post, other analyst Crypto said that Bitcoin’s mixed lane purchasing signal has also turned into an increase. He stressed that this signal is “one of the most powerful and consistent signals in the history of BTC”.
However, the analyst Rek Capital warned that BTC has not yet caused a significant price reversal, despite the renewed momentum fueled by a powerful relative power index (RSI). Analyst explained:
Since the daily RSI of the BTC has fallen to 25, the RSI usually increases. However, this has not yet been reversed. In order to reversed the price, it must break the daily decrease trend.
BTC should resist falling below $ 80,000
Experienced crypto analyst Ali Martinez, who offers an opposite perspective, warned that BTC should be over $ 80,000. BTC emphasized drop Under this threshold, “There is little support or no support up to $ 70,000.”
In another X article, Martinez emphasized four important support levels of less than $ 80,000 compared to price groups for BTC. The analyst emphasized $ 76.180, $ 58.080, $ 43.740 and $ 39.980 as four critical support levels.
However, technical indicators now show that there can be a suitable time to accumulate BTC. In an recent analysis, crypto trader Merlijn Trader emphasized This Bitcoin is currently following the rise ‘megaphone model’.
In addition, the institutional adoption of BTC continues to grow. Microstrategy Manager President Michael Saylor mocked Another major BTC acquisition in the near future. BTC at the time of the press is traded at $ 83.630 with an increase of 1.5% in the last 24 hours.
Picture from UNPASH.com, graphics from x and tradingView.com
Editorial process Bitcoinist has been thoroughly investigated and focused on providing accurate and impartial content. We maintain solid welding standards and each page is subject to an diligent examination by our best technology experts and experienced editors team. This process provides the integrity, relevance and value of our content for our readers.
