Bitcoin Price Finds Support—But Can It Power Through $90K?

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🚨🔥 Bitcoin: Will It Finally Reach $90K? 🤯

Bitcoin Price Finds Support—But Can It Power Through $90K?

Oh joy, oh rapture, the Bitcoin price has found its happy place above the $85,500 zone. Because, you know, that’s exactly what we all want to see – a bunch of numbers going up and down in a never-ending cycle of excitement and despair. 🤯

  • Bitcoin started a fresh recovery wave above the $87,000 zone. Because, of course it did. Why wouldn’t it? 🙄
  • The price is trading above $87,000 and the 100 hourly Simple moving average. Because, you know, averages are always a good thing. 😊
  • There is a key bearish trend line forming with resistance at $88,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ah, a trend line. Because nothing says “predictable” like a bunch of lines on a chart. 📈
  • The pair could start another increase if it clears the $88,000 and $88,200 levels. Because, you know, it’s not like it’s going to just go down or anything. Nope, it’s definitely going to go up. 💪

Bitcoin Price Remains Supported (By Our Sanity)

Bitcoin price remained stable above the $85,500 level. Because, you know, stability is always a good thing. Said no one ever. 😴

The bulls pushed the price above the $87,000 resistance level. Because, of course they did. They’re bulls, for crying out loud! 🐮

Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average. Because, you know, averages are always a good thing. Said the person who’s never lost money in a cryptocurrency. 🤑

The first key resistance is near the $88,000 level. The next key resistance could be $88,200. There is also a key bearish trend line forming with resistance at $88,200 on the hourly chart of the BTC/USD pair. Because, you know, trend lines are always a good thing. Said the person who’s never lost a shirt in a Ponzi scheme. 🤑

A close above the $88,200 resistance might send the price further higher. In the stated case, the price could rise and test the $89,500 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500. Because, you know, it’s not like it’s going to just go down or anything. Nope, it’s definitely going to go up. 💥

Another Drop In BTC? (Just What We Needed)

If Bitcoin fails to rise above the $88,200 resistance zone, it could start a fresh decline. Because, you know, that’s exactly what we all want to see – a bunch of numbers going down. 🤦‍♂️

Immediate support on the downside is near the $87,000 level. The first major support is near the $86,500 level. Because, you know, support is always a good thing. Said the person who’s never lost money in a cryptocurrency. 🤑

The next support is now near the $85,500 zone. Any more losses might send the price toward the $85,000 support in the near term. The main support sits at $84,500. Because, you know, support is always a good thing. Said the person who’s never lost a shirt in a Ponzi scheme. 🤑

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone. Because, you know, MACD is always a good thing. Said the person who’s never lost money in a cryptocurrency. 🤑

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Because, you know, RSI is always a good thing. Said the person who’s never lost a shirt in a Ponzi scheme. 🤑

Major Support Levels – $87,000, followed by $86,500. Because, you know, support is always a good thing. Said the person who’s never lost money in a cryptocurrency. 🤑

Major Resistance Levels – $88,000 and $88,200. Because, you know, resistance is always a good thing. Said the person who’s never lost a shirt in a Ponzi scheme. 🤑

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2025-03-27 06:07