Bitcoin (BTC/USDT) Weekly Chart Analysis - March 10, 2025.As mention in X post on Feb25, BTC chart turn into bearish and same price reflection we saw in chart.
〽️Bearish MACD cross over happen 4 weeks ago damage BTC price and we saw fall till $78256.
As BTC chart al ready give near 27% correction till last week we can see a slow momentum in chart for next 4-6 weeks.
⚠️Weekly RSI also testing Bull market support 44.50. We can expect a bounce from here but breakdown below this area will send BTC is long term bearish cycle.
⚓️Support: $77,000 , $73,000 and $69,000
💡Resistance: $95,000 and $110,000
🟢Bullish Note:💰💰💰
- Global M2 supply increasing
- we are in 2025
- BTC took 30% correction which part of bull market
- Gold Price Near ATH and BTC follow it
- Bitcoin is now part of US Reserve treasury
🔴Bearish Note:
- BTC weekly chart not give sign of recovery
- US Index drop 10% and still not sign of recovery
- Trump Tariffs create lot of uncertainty in market
- This trade war can be long and hurt global economy and market towards recession
⏰Events:
- US CPI : March 12
- FOMC : March 19
📃Conclusion & Possible Scenarios:
🟢Bullish Case: If BTC holds above $70,000-$75,000, it could consolidate and retest all-time highs near $110,000.
🔴Bearish Case: A breakdown below $70,000 could push BTC towards $50,000-$55,000, aligning with previous cycle corrections.
🟡Neutral: Consolidation between $70,000 - $90,000 before another breakout.
🚨FOLLOW FOR QUALITY CONTENT AND AVOID THE NOISE