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Bitcoin Tests $95K Resistance Amid Market Volatility
Generated by AI AgentCoin World
Monday, Mar 3, 2025 4:11 am ET1min read
Bitcoin Price Analysis of March 3, 2025: BTC Tests $95,000 Resistance Level Amid Market Volatility
The crypto market continues to grapple with the aftermath of last week's sharp decline, where BTC plunged over 20% from its peak. Despite some recovery, the market remains uncertain, with BTC price today fluctuating in response to macroeconomic factors and regulatory concerns. Trump's recent pro-crypto stance has injected some optimism, but fears of another downturn persist. Traders are closely watching key levels to determine their next move.
On March 3, BTC began the trading day on a positive note, with an upward trend. However, a death cross at 2:20 UTC signaled a potential price decline, and the price briefly dropped but remained within the trading range. A golden cross on the MACD line at 4:40 UTC indicated an upward movement, and by 6:45 UTC, an overbought situation formed resistance at $86,594.12. A subsequent death cross at 7:05 UTC triggered a price decline, leading to a downward trend. The price continued to fluctuate within the range, finding support at $85,051.64 during oversold conditions on the RSI indicator at 13:30 UTC and 14:15 UTC.
A golden cross at 15:20 UTC suggested a bullish move, leading the price to break over resistance. An overbought RSI at 15:35 UTC confirmed the breakout, starting an upward trend that strengthened with overbought conditions on RSI at 16:35 UTC and 17:40 UTC. BTC reached a new resistance level at $95,002.97, marking the highest price of the day. However, a death cross on the MACD line at 18:00 UTC suggested a potential reversal, leading the price to find support at $92,377.65. The price attempted to regain momentum by moving upwards and retesting resistance, but another death cross at 23:25 UTC suggested the start of a downward trend.
Trading on March 3rd began in a downward trend, with prices moving within a trading range. A golden cross at
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