Bitcoin Price Prediction: Is It Time to Panic or Party?

So, here we are, folks. Sellers are flexing their muscles more than buyers at the end of the week. Shocking, right? CoinMarketCap says so, and who are we to argue with a website? 🤷‍♂️

BTC/USD

Guess what? The price of Bitcoin (BTC) has taken a little tumble—down 2.23% in just one day. I mean, who knew? It’s like watching a bad sitcom where the punchline never lands. 😒

Now, on the hourly chart, BTC decided to play a little game of “let’s pretend” and made a false breakout of the local support at $83,358. If the daily bar decides to close far from that level, we might see a little growth to the $85,000 zone by tomorrow. Or not. Who knows? It’s Bitcoin! 🎢

Looking at the bigger picture, the price of our beloved crypto is hanging out far from key levels. The volume is low, which means neither side is ready to take the plunge. It’s like a standoff at a diner—nobody wants to make the first move. 🍔

So, what’s the deal? Sideways trading in the $83,000-$85,000 zone seems to be the most likely scenario. Exciting, right? Not really. 😴

From a midterm perspective, it’s pretty much the same story. Keep your eyes on the nearest interim zone of $80,000. If it breaks out, we might just have enough energy for a nosedive to the $72,000-$76,000 area. Buckle up! 🎢

As of now, Bitcoin is trading at $84,028. So, there you have it. Enjoy the ride! Or don’t. Your call. 😏

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2025-03-21 18:28