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Cryptocurrency News Articles
Bitcoin (BTC) Retests $85K Level, But Must Break Above $90K to Confirm Recovery
Mar 24, 2025 at 08:30 pm
Bitcoin is once again testing the $85K level after several attempts to push toward a local high near $87,500.
Bitcoin is once again testing the $85K level after several attempts to push toward a local high near $87,500. While bulls have shown signs of strength, the market has yet to see a convincing breakout.
To confirm a meaningful recovery and shift sentiment back to bullish, BTC must break above the $90K mark—a level that would signal renewed momentum and confidence. Until then, price action remains uncertain.
Fading Bitcoin Sell Pressure Could Open Door For Recovery
As macroeconomic fears, such as global trade tensions and recession concerns, continue to shake financial markets, there are signs of relief beneath the surface.
According to renowned crypto analyst Axel Adler, aggressive Bitcoin selling activity has noticeably decreased over the past month. This is evident in the Cumulative Net Taker Volume indicator, which tracks large market orders.
The decreasing seller pressure could signal that sellers are stepping back, potentially paving the way for a recovery if no new negative catalysts emerge.
“After a month of decreasing seller pressure, which is evident in the decreasing Cumulative Net Taker Volume, and no new macroeconomic fear to introduce fresh sell-side interest, the current week could offer moderate upside as the market recalibrates,” said Adler.
For now, holding above $86K and pushing toward $88K–$90K will be critical. If bulls maintain control and sentiment improves, Bitcoin could reestablish momentum and set the stage for a stronger recovery in Q2.
However, any weakness below $85K–$87K could lead to renewed selling pressure, potentially dragging the price down to test the $81K region. This would fuel further bearish sentiment and raise fears of a deeper correction.
Next Critical Levels For Bitcoin
Bitcoin is trading hands at around $87,300 at the time of writing, still struggling to break above the 200-day moving average (MA) and exponential moving average (EMA).
This level has become a crucial battleground for bulls and bears, as market participants await a decisive breakout to confirm either a continuation of the bear market or the beginning of a new bull run.
The recent recovery from sub-$85K levels has brought some optimism, but bulls still need to reclaim the $90K mark to kickstart the next leg higher.
A break above $90K would also be critical for shifting market sentiment back to bullish and paving the way for a push into new local highs. However, for this bullish scenario to unfold, BTC must hold firmly above the $86K support zone.
Any weakness below $85K–$87K could lead to renewed selling pressure, potentially dragging the price down to test the $81K region. This would also bring fresh fear into the market and increase the chances of a deeper correction.
For now, Bitcoin’s price action remains range-bound, but the next move—whether reclaiming $90K or falling below $85K—could set the tone for the coming weeks.
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