Bitcoin Price Dips Below $83K

Bitcoin Market News – March 4, 2025

Bitcoin Market News – March 4, 2025 Bitcoin is currently experiencing downward pressure, falling to $82,696.68 as seen in the latest 1-hour COINBASE chart analysis. The cryptocurrency has lost 0.54% in the last session, with a trading range between $83,137.85 (high) and $81,444.00 (low).

📉 Market Overview:

• Price: $82,696.68 (-0.54%)
• High: $83,137.85
• Low: $81,444.00
• Major Resistance: $86,500 – $87,000
• Key Support Zone: $80,000 – $81,000

Technical Analysis & Market Trends

🔴 BTC Faces Selling Pressure at Resistance

• The break above $85,000 was short-lived, leading to a sharp rejection near $86,000.
• Multiple breaks of support are visible on the chart, indicating bearish dominance.
• The next critical resistance zone is $85,000 – $87,000, which bulls must reclaim for an upward push.

🟢 Key Support Holding at $80,000?

• Buyers are accumulating near $81,000, preventing a larger drop.
• A bounce above $83,500 could signal a reversal attempt.
• If $80,000 breaks, BTC may test $77,500 – $75,000 in the coming days.

📊 Volume Analysis:

• Recent spikes in volume indicate strong market participation.
• High sell pressure suggests continued downside risk unless demand increases.

Market Outlook & Predictions

📉 Bearish Scenario:

• If Bitcoin fails to hold $81,000, further downside towards $77,500 – $75,000 is likely.

🚀 Bullish Scenario:

• A breakout above $85,000 could reignite a rally towards $90,000 – $95,000.

📢 Traders’ Strategy:

• Short-term traders may look for bounce plays near $81,000.
• Long-term holders should watch for fundamental catalysts, such as institutional buy-ins or economic policy shifts.

Stay Updated!

The market remains volatile, and Bitcoin’s price action is influenced by macro events, liquidity zones, and trader sentiment. Keep an eye on U.S. economic news, interest rates, and crypto regulations for further insights.

🚨 Are you bullish or bearish on BTC? Share your thoughts! 🚀👇