FPG BTCUSD Market Report March 20, 2025

BTC/USD is currently traded around 85700.95, approaching key resistance at 86356.20 after a strong recovery from its recent low near 81705.47. The price has shown a steady uptrend over the past few sessions, supported by increased buying pressure. However, BTC/USD is now facing a crucial test at resistance, which may determine its next direction.

Momentum indicators suggest a bullish bias. The MACD histogram is trending upwards, showing positive momentum, while the price remains above the 20-period moving average, reinforcing short-term bullish strength. If BTC/USD manages to break and sustain above 86356.20, further upside potential could be unlocked.

BTC/USD is forming higher highs and higher lows, confirming a bullish structure. The 20-period moving average is acting as dynamic support, and the MACD has crossed into positive territory, signaling continued upward momentum. However, the price is approaching 86356.20, a key resistance level that has previously triggered strong sell-offs.

Market Observation & Strategy Advice:

1. Key Resistance Level: 86356.20 – A breakout above this level could push BTC/USD toward higher resistance zones.

2. Current Support Level: 81705.47 – A rejection from resistance may lead to a pullback toward this support level.

3. Momentum Indicator: MACD shows a bullish crossover, indicating continued upward strength.

4. Trading Strategy: Look for buy opportunities if BTC/USD breaks above 86356.20, with a target of 88000.00.

5. Risk Management: A stop-loss below 85000.00 to minimize downside risk in case of rejection at resistance.

Market Performance:

Crypto Last Price % Change

ETHUSD 2,066.5 +0.47%

LTCUSD 94.40 +0.31%

Today's Key Economic Calendar:

UK: Unemployment Rate

UK: BoE Interest Rate Decision

US: Existing Home Sales

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.