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Bitcoin Technical Analysis Report – 24th March 2025
As of the current date, March 24th, 2025, it appears as though the Bitcoin (BTC) market has regained momentum in favor of the bulls. The cryptocurrency has maintained its position above the 200-day simple moving average ($84,899) throughout the weekend.
However, the ongoing tariff wars have introduced a layer of unpredictability to both traditional and crypto markets, heightening uncertainty for investors. Despite this, Bitcoin has managed to resist the bears’ attempts at significant losses, with buyers holding firm against their efforts.
At the time of writing, BTC is trading at $86,350. The asset’s trajectory has been marked by a striking descent from its all-time high of $109,588. This downward movement led to a temporary consolidation within a “Descending Triangle” pattern, which found strong support at the $90,000 level.
Following this dip, Bitcoin began consolidating and trading within a range of $80,000 to $87,500 with declining volumes. The cryptocurrency has shown resilience in its ability to find support at $80,000 and $73,500, while remaining cautious around key resistance levels at $90,000 and $100,000.
A confirmed breakout above these barriers could set off a renewed rally for the asset.
Source: https://zebpay.com/blog/bitcoin-technical-analysis-report-24th-march-2025
