Bitcoin is trapped within a tight price range, bounded by the ascending channel’s lower boundary at $78K and the 200-day moving average at $83K. A breakout from this range will likely determine the next significant market trend. Bitcoin has been maintaining a bearish market structure, recently experiencing increased bearish momentum that pushed the price below the critical $80K mark. This breakdown triggered the significant sell-side liquidity below this crucial juncture, leading to a sharp bullish rebound, likely due to smart money executing large buy orders.
Source: CryptoVizArt, 2025-03-13; https://cryptopotato.com/bitcoin-price-analysis-can-btc-reclaim-90k-this-week/