Published: Mar 21, 2025 at 06:13 AM
Updated: Mar 21, 2025 at 01:07 AM
- Bitcoin tests resistance key at $85,926.
- Breakout above $85,926 could drive Bitcoin to $90,000.
- Otherwise, failure of resistance would lead to a pullback to $84,335.
Bitcoin is testing the last major resistance at $85,926, according to the 12-hour Ichimoku chart. The Ichimoku cloud is showing a barrier to the price going further and upward. Recent price surges in Bitcoin brought it closer to this resistance zone on March 19, 2025. The question now is whether Bitcoin will break through that resistance or be forced to fall back by rejection at that price level.
The Ichimoku cloud is an excellent technical tool with which to indicate support and resistance levels. Trends and potential reversals are apparent from the cloud. Coincidentally, the cloud is just above Bitcoin’s price position, indicating the strong resistance level at $85,926. The upper border clouded the decision area for Bitcoin. So, if you get through this level of resistance, Bitcoin could rally up to $90,000 or even higher. In the event that rejection occurs, it could bring prices down to the support of about $84,335.02, which is a known level of interest.
Bitcoin hovers at $85,926, and traders watch this resistance point closely. A break above $85,926 signals another bullish leg up. Bitcoin’s next target is $90,000. Such action happened when Bitcoin closed under this resistance barrier. The price is likely to reverse. Next important price lookout is $84,335.02 support level. Below that level, Bitcoin price could plunge further down to test levels of around $80,000. Traders must keep a close eye on Bitcoin’s movement as the price either breaks higher or fails to surpass this key resistance.
Bitcoin is at a key juncture regarding price action. With resistance at $85,926, it’s a crucial level to beat; failure to do so would cause bullish momentum to stall. Should market prices breach this level, continuation upwards is likely, targeting new highs, possibly reaching close to $90,000 in the short term. A break and rejection at this resistance means Bitcoin undergoes short-term retracement. Ichimoku cloud shows clear resistance signs, and traders should stay on guard until the picture clears.
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