The post Bitcoin Price Shows Stronger Recovery Signs—Upside Move in Focus appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a recovery wave above the $82,500 zone. BTC is now rising and might aim for a move above the $86,500 and $87,200 levels. Bitcoin started a decent recovery wave above the $83,000 zone. The price is trading above $84,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $86,200 and $87,000 levels. Bitcoin Price Eyes Steady Increase Bitcoin price remained stable above the $82,000 level. BTC formed a base and recently started a recovery wave above the $83,500 resistance level. The bulls pushed the price above the $85,000 resistance level. However, the bears were active near the $86,500 resistance zone. A high was formed at $85,591 and the price corrected some gains. There was a move below the $85,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $83,667 swing low to the $85,591 high. Bitcoin price is now trading above $85,200 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, immediate resistance is near the $86,000 level. The first key resistance is near the $86,500 level. The next key resistance…

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Filed under: News - @ March 24, 2025 3:14 am