CandleFocus Bitcoin (BTC) Price Prediction for March 1
2025-03-01
Author: Content Editor
The top 10 cryptocurrencies have seen a rise in their prices, with Bitcoin (BTC) increasing by 5.29% over the last day. However, BTC is facing a local support level at $83,804, and if it breaks out, there may be a correction towards the $83,000 range. The daily bar on the bigger time frame looks bearish, and if buyers do not take control and the candle closes with a long wick, there may be a test of the support level at $82,133. From a midterm perspective, the focus should be on the weekly bar closure near the $89,392 level. If it falls short, there is a likelihood of a drop to the $80,000 range. Currently, Bitcoin is trading at $84,548.
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