The article provides an analysis of the current market situation for Bitcoin. As of March 4, 2025, Bitcoin's valuation is $88,165 with a market capitalization of $1.72 trillion and a trading volume of $69.81 billion. The article states that Bitcoin has been oscillating between a low of $81,463 and a high of $88,825, reflecting uncertainty in the market.

The 1-hour chart shows a potential rebound from the $81,463 level, with buyers pushing the price towards the $88,000-$89,500 resistance zone. However, the article notes that a breach below the $84,000-$85,000 support level could lead to downward momentum. The momentum oscillator suggests a bullish signal, but the moving average convergence divergence (MACD) remains in bearish territory, casting doubt on the sustainability of the rally.

On the 4-hour chart, Bitcoin continues to experience a downward trend despite some signs of resilience. A rebound from the $78,000 low has stabilized prices above $85,000, which could potentially act as a pivot for upward movement. The $90,000-$92,000 range is seen as a critical test, as previous rejections have indicated selling pressure. The average directional index (ADX) suggests a tempered trend vigor, while the commodity channel index (CCI) is neutral, providing little direction.

Zooming out to the daily chart, the article portrays a bearish outlook with Bitcoin's retreat from its all-time high to $78,197. Short-term moving averages recommend caution, but the article notes that the long-term moving averages offer encouragement for patient accumulators. Oscillators such as the relative strength index (RSI) and the awesome oscillator are neutral, while the stochastic oscillator refrains from signaling extremes. The article advises traders to exercise prudence and wait for confirmation before making any decisions.

Bitcoin's immediate fate depends on its ability to stay above $85,000. Breaking through the resistance at $90,000 to $92,000 could lead to a challenge of the $95,000-$100,000 range. On the other hand, if support crumbles, bears could take control and push prices towards $81,000 or lower. The article suggests that tracking volume shifts and important price levels is crucial for traders.

Overall, the article acknowledges a potential shift in momentum with Bitcoin's recent recovery, but emphasizes that it remains in a broader downtrend. Key moving averages indicate continued selling pressure, and failing to break above $90,000 could result in further downside risk.



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