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The price of Bitcoin closed last week with a positive note and will hope to start the new week with an even stronger foot. However, the lateral movement has been a constant characteristic in the Bitcoin weekend price action so far in 2025.
Similarly, the cryptocurrency has fought to build Friday’s impulse, without registering a significant change in the last day. A market analysis firm Morecryptoonline has identified specific price levels that could be crucial for the future BTC price trajectory.
Here is why Bitcoin must break the resistance to $ 86,700
In a March 15 publication on the X platform, Morecryptoonline shared an interesting Bitcoin price analysis, identifying important levels for possible short -term movements. Last week, Bitcoin produced a fairly chopped price movement characterized by a series of earnings and losses of almost similar margins.
In particular, the main cryptocurrency broke above the maximum of the week of $ 84,294 to claim the price level of $ 85,000. However, the bullish impulse was unsustainable, since the sale pressure quickly triggered an immediate setback.
Source: @Morecryptoonl/X
As shown in the previous table, Morecryptoonline hopes if Bitcoin’s price manages a successful closure above the specified supply barriers, an increase of $ 89,012 could be on the cards. This movement is likely to be followed by a setback less than $ 87,204 before the price of Bitcoin finally returns to around $ 92,017.
On the other hand, the following most important support for the price of BTC is around the region of $ 82,564. If the market leader slides below this price mattress, investors could effectively conclude that the recent price rupture was a failure.
In this case, the overwhelming sales pressure could force Bitcoin’s price to around $ 77,859, with the risk of falling up to $ 71,011.
Bitcoin price at a glance
When writing this article, Bitcoin is priced at around $ 84,050, which does not reflect a significant movement in the last 24 hours. According to Coingcko data, the main cryptocurrency has fallen by more than 2% in the last seven days. With a market capitalization of $ 1.67 billion, BTC is still the largest cryptocurrency in the world.
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The price of BTC is hovering around the $84,000 mark on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock’s prominent image, TrainingView graphics
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