As of March 11, 2025, Bitcoin (BTC) is trading at approximately $81,776.
Analyst Projections:
-RLinda's Analysis: TradingView analyst RLinda forecasts that if Bitcoin breaches the $82,000 support level, it could experience a significant decline toward the $73,000 mark.
-EGRAG's Perspective: Another analyst, EGRAG, suggests that Bitcoin might dip to $73,000 before initiating its next major upward movement.
Technical Patterns:
-Bearish Engulfing Candle: On the three-day chart, Bitcoin is forming a bearish engulfing candle pattern, indicating potential increased selling pressure and a possible short-term reversal.
Support Levels:
-Immediate Support: $80,500
-Major Support:$73,000
Conclusion:
Given the current market conditions and technical indicators, a drop to $73,000 is plausible. Traders should exercise caution and implement appropriate risk management strategies to navigate potential market volatility.
Analyst Projections:
-RLinda's Analysis: TradingView analyst RLinda forecasts that if Bitcoin breaches the $82,000 support level, it could experience a significant decline toward the $73,000 mark.
-EGRAG's Perspective: Another analyst, EGRAG, suggests that Bitcoin might dip to $73,000 before initiating its next major upward movement.
Technical Patterns:
-Bearish Engulfing Candle: On the three-day chart, Bitcoin is forming a bearish engulfing candle pattern, indicating potential increased selling pressure and a possible short-term reversal.
Support Levels:
-Immediate Support: $80,500
-Major Support:$73,000
Conclusion:
Given the current market conditions and technical indicators, a drop to $73,000 is plausible. Traders should exercise caution and implement appropriate risk management strategies to navigate potential market volatility.
Trade active
Order cancelled
BTC Trade UpdateBTC is currently trading at around $82,663. Based on current patterns, here’s the anticipated move:
🔹 Short-Term Target: $84,700 – expect a minor correction after this.
🔹 Next Leg Up: $88,000 – likely the final peak before a major drop.
🔹 Crash Target: $73,000 – a key correction zone to watch.
Strategy: Consider shorting around $84,700–$88,000. Use tight stop-losses and monitor price action closely.
Stay sharp, manage risk.
Note
BTC Trade UpdateBitcoin is moving as expected! First TP: 77K region is in sight. If you're in this trade, consider booking some profits at this level and securing your position.
Next step: Adjust your Stop Loss to Entry(85K) to minimize risk and ride the trend safely.
Let’s see how BTC reacts at this zone before planning the next move. Stay sharp.
#BTC #CryptoTrading #RiskManagement #Bitcoin
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.