BTCUSDT UPDATE: WEDNESDAY, MARCH 5, 2025
Yesterday, we flagged a broad move for BTC, forecasting a return to the 97,000 USD zone. Today, BTCUSDT is set to take these steps to climb there.
Currently, BTC’s at 87,400 USD after bouncing from 82k to 88,600 USD. Its accumulation zone—85,500 USD to now—will fuel a push to 92k.
From there, BTC will consolidate around 92k, then march toward 96k-98k before kicking off the next downward adjustment.
Right now, BTC hasn’t finished its weekly downtrend. These short-term moves—spanning a few days—are just quick adjustments. The weekly cycle will resume its decline soon, carving out a bottom.
Buckle up and enjoy the ride, bro!
Yesterday, we flagged a broad move for BTC, forecasting a return to the 97,000 USD zone. Today, BTCUSDT is set to take these steps to climb there.
Currently, BTC’s at 87,400 USD after bouncing from 82k to 88,600 USD. Its accumulation zone—85,500 USD to now—will fuel a push to 92k.
From there, BTC will consolidate around 92k, then march toward 96k-98k before kicking off the next downward adjustment.
Right now, BTC hasn’t finished its weekly downtrend. These short-term moves—spanning a few days—are just quick adjustments. The weekly cycle will resume its decline soon, carving out a bottom.
Buckle up and enjoy the ride, bro!
Trade active
BTCUSDT 90700$Note
BTC 91k7Note
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.