BTC
Bitcoin continues to test strong demand areas and is at a critical point in the market. While the current price movements indicate decisive levels for both buyers and sellers, there may be developments that will clarify the price direction in the coming period.
Especially the $80,691 level stands out as a major support point for BTC. This area is an important area where the price can react upwards due to intense buyer interest. However, closing below this level would indicate that buyers are losing their power and could pull the price back to the macro bottom area of $73,336. Historically, this area is a critical support area where Bitcoin has achieved a 150% increase. If this level is maintained, it would not be logical to expect a deeper correction.
In terms of short-term price movements, the $87,509 - $88,309 range appears as the SR Flip region. This region is a strong seller area with a support-resistance reversal. In addition, this point stands out as a Point of Interest (POI) area where sellers show demand. Breaking through this area with 2-day closings could allow the price to move to the next intermediate resistance level of $92,591.
If the price can maintain its stability above the $92,591 level, a move towards the NPOC real value of $96,423 - $97,825 is likely to begin. Clearing these levels will allow Bitcoin to target above $110,000 and advance to new highs.
Macroeconomic Factors Play an Important Role
The March 19 FED meeting will be a critical turning point for the market. In addition to the interest rate decision, the content of the meeting and the messages given can determine the direction of the market. The expectation of a rate cut stands out as one of the most important catalysts supporting the bull scenario in BTC.
$80,691 Major Support
$87,509 - $88,309 Seller Zone,
$92,591 Intermediate Resistance
$96,423 - $97,825 True Value Area
$110,000 should be monitored as the Target Zone.
Watching how the price reacts to the major levels will be critical for correct trading strategies as volatility increases in the market.
Bitcoin CME Data and Liquidity Analysis
When we look at the CME data, we see that Bitcoin has created significant liquidity zones between trading pairs. In particular, the $100,000 level stands out as a prominent (Unbalanced Trading Point) region in the market and appears as an area where high volume transactions take place.
This price range is a strategic level where buyers and sellers interact intensively, in line with past price movements. Therefore, in terms of BTC's direction, the $100,000 region continues to be an important threshold that both affects the decision-making mechanism of market participants and where liquidity is concentrated.
These analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the user is entirely responsible for trading and risk management. In addition, it is strongly recommended to use stop loss in relation to shared transactions.
Author: Altar
