Bitcoin Price Analysis – Current Market Context

Bitcoin futures found solid support just under today's VWAP at $82,944, aligning with key technical levels. As long as price remains above $82,800, the bias remains bullish on the intraday timeframe.

Bitcoin futures displayed resilience as they bounced off solid support just under today’s VWAP (Volume-Weighted Average Price) at $82,944, aligning with crucial technical levels. As long as Bitcoin remains above $82,800, the intraday bias favors further gains. However, a breach below this threshold could open the door for additional declines, with the next bearish targets in sight.

Bitcoin Futures Analysis: Pivotal Levels to Watch

In the bullish trade plan, Bitcoin is currently trading above its bullish threshold at $81,250, making long setups more favorable. If the bulls push Bitcoin futures higher, the first key resistance level to watch is $83,600. This level is just below Friday’s VAL (Value Area Low) and could provide a strong buffer for further gains.

After clearing $83,600, the next significant level is $84,290, which is just below Thursday’s VAH (Value Area High). A successful breach of this level could pave the way for a move toward $84,800, located just below Friday’s POC (Point of Control).

Continuing the bullish journey, the next target is $85,570, which is just below Thursday’s VAH. Finally, a decisive move above $85,570 could open the door for a rally toward $86,800, the VAL of March 7th.

For those engaging in short trades, keep an eye on reactions at these key levels for potential buy orders and reversals that could favor the bulls.

Bitcoin Futures Today: A Snapshot

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In the bearish trade plan, if Bitcoin futures break below today’s VWAP at $82,944 and the $82,800 threshold, then the bearish scenario prevails. In this case, the first target for sellers is $81,990, which is just above Thursday’s VWAP.

After clearing $81,990, the next support level is $81,250, which coincides with the VWAP of March 11th. Further declines could bring the price to $80,450, which is the VWAP of March 10th.

Continuing the bearish journey, the next target is $79,250, which is the VAL of March 11th. Finally, a decisive move below $79,250 could pave the way for a continuation of the sell-off, with the next major support level at $78,000.

Bitcoin futures showed surprising resilience as they bounced off solid support just under today’s VWAP (Volume-Weighted Average Price) at $82,944. This support level also coincided with key technical levels, making it a crucial point of contention.

As long as Bitcoin futures remain above $82,800, the intraday bias favors further gains. However, if the sellers manage to push the price below this threshold, then additional declines could be in store, with the next bearish targets at $81,990 and $81,250.

On the other hand, if the bulls manage to push Bitcoin futures above today’s VAH at $83,600, then the rally could continue toward the next key resistance level at $84,290. A successful breach of this level could pave the way for a move toward $84,800.

Bitcoin futures are currently trading at $82,944, showing an increase of 0.28% for the day.

In the bullish trade plan, Bitcoin is currently trading above its bullish threshold at $81,250, making long setups more favorable. If the bulls push Bitcoin futures higher, the first key resistance level to watch is $83,600. This level is just below Friday’s VAL (Value Area Low) and could provide a strong buffer for further gains.

After clearing $83,600, the next significant level is $84,290, which is just below Thursday’s VAH (Value Area High). A successful breach of this level could pave the way for a move toward $84,800, located just below Friday’s POC (Point of Control).

Continuing the bullish journey, the next target is $85,570, which is just below Thursday’s VAH. Finally, a decisive move above $85,570 could open the door for a rally toward $86,800, the VAL of March 7th