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Crypto Technical Analysis Report – 27th March 2025
The cryptocurrency market is abuzz with activity as Bitcoin’s (BTC) price continues to surge, pushing against the critical $90,000 resistance level. Despite facing stiff selling pressure at this juncture, bulls have thus far been successful in defending the 20-day exponential moving average, indicating a strong underlying demand and paving the way for potential further growth.
The daily chart of BTC/USDT displays an intriguing narrative as it reaches its all-time high of $109,588 before plummeting to $76,606. A subsequent formation of a Bullish Engulfing candle triggered a relief rally that brought prices up to $88,765. The asset now confronts significant resistance at the $90,000 and $100,000 levels.
A decisive break above these hurdles, accompanied by robust trading volumes, could signal a fresh leg up for BTC, culminating in new all-time highs.
In related news, we’ve witnessed an influx of institutional interest as there has been a consistent inflow into U.S. spot Bitcoin exchange-traded funds (ETFs) for eight consecutive trading days. This signals renewed confidence in the asset and potentially a shift towards a more balanced market.
As always, our technical analysis provides the most current and accurate insights into the cryptocurrency markets. ZebPay’s vast array of features, including Trading Smart and Glossary, are designed to empower traders with comprehensive knowledge and enable them to make informed decisions.
Stay ahead of the curve by following our market updates and insightful reports.
Source: https://zebpay.com/blog/crypto-technical-analysis-report-27th-march-2025
