CandleFocus Bitcoin Price Attempts a Comeback—Is a Recovery Rally on the Horizon?
2025-03-06
Author: Content Editor
Bitcoin price has experienced a decline but has now started to recover. It is currently trading above $90,000 and the 100 hourly Simple Moving Average. There is potential for the price to revisit the $95,000 resistance zone if it continues to rise. However, if it fails to break above the $92,000 resistance, it could see a fresh decline. Immediate support levels are at $88,000 and $85,000, with the main support at $80,000. Technical indicators such as the MACD and RSI suggest a bullish trend.
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