🚨Bitcoin 1H Chart Analysis – March 24, 2025 Market Overview:🚨
Bitcoin has surged to 88,364, gaining 3.95% in the last 24 hours. The bullish momentum is driven by renewed institutional interest and favorable macroeconomic conditions. However, a CME gap between 84,190 – 85,160 remains a key level to watch, which could impact short-term price action.
Key Technical Observations: 1️⃣ CME Gap Formation: A CME gap between 84,190 – 85,160 is still in play and could act as a magnet for price action.
2️⃣ Support & Resistance Levels: 1. Immediate Support: 86,500 – 86,700 2. Major CME Gap Support: 84,300 – 85,200 3. Key Resistance: 88,500 – 90,400
3️⃣ Technical Indicators & Momentum: 1. RSI (1H) at 79.99 signals overbought conditions, suggesting a possible short-term pullback.
2. MACD on the 1H chart shows a bullish crossover, confirming strong upward momentum.
3. Volume Profile indicates increased buying pressure around 86,500+.
Market Drivers Behind BTC Pump: ✅ ETF Inflows: Bitcoin ETFs recorded their highest net inflows in six weeks, totaling 724 million, signaling renewed institutional demand.
✅ FOMC Impact: The Federal Reserve’s dovish outlook and no immediate rate hikes have strengthened risk-on sentiment, favoring Bitcoin’s uptrend.
✅ Macroeconomic Factors: Speculation around potential tariff flexibility and a weaker dollar has increased investor interest in BTC as a hedge.
Conclusion: The market remains bullish, but traders should watch for a potential retracement towards 84,000 – 85,000 if BTC moves to fill the CME gap. A sustained close above 88,500 could push BTC toward 90,000+ in the coming days.
I think if Ethereum go down below 0.02 BTC its done, broken and fail proyect.
Actually, i don't think so. I think ETH can experiment an incredible and unexpected recovery ralley against BTC and USD. That's because Lazarus, North Korean hackers, just finished to sell the ETH that they stole from bybit. And the narrative for this BTC is exahusted. Now its time for ETH.
The #TOTAL3 market cap (total crypto market cap excluding Bitcoin and Ethereum) has successfully retested the trendline of the massive C&H pattern that has been forming since 2022. 🔥