Bitcoin Stalls: Weak Momentum Puts $85,211 Recovery In Doubt
09 March 2025 - 7:00AM
NEWSBTC
Bitcoin is making an effort to stage a comeback after dipping to
$85,211, but a lack of strong momentum is casting doubt on the
recovery. While buyers are attempting to regain control, technical
indicators suggest that bullish strength remains fragile, raising
concerns about whether BTC can sustain its rebound or face another
pullback. With key resistance levels ahead and market sentiment
still uncertain, Bitcoin’s next move remains unpredictable. If
buyers fail to build enough momentum, BTC could struggle to push
higher, leaving it vulnerable to renewed selling pressure.
Bitcoin Tries To Bounce Back BTC’s current price action indicates
that bulls are making an effort to stage a rebound from the $85,211
support level after a sharp decline. This attempt follows a period
of strong bearish pressure, which intensified when Bitcoin faced
heavy resistance at $93,257 and failed to move upward.
Related Reading: Bitcoin Price Attempts a Comeback—Is a Recovery
Rally on the Horizon? Despite some signs of stabilization,
technical indicators suggest that bullish momentum remains weak.
The lack of strong buying pressure raises concerns about whether
BTC can maintain its current attempt at a rebound or if another
downturn is imminent. Additionally, the price remains below the
100-day Simple Moving Average (SMA), signaling that bears still
dominate the market. Furthermore, the MACD line and the signal line
are edging lower, hinting at a possible decline in bullish
momentum. If both lines continue downward and cross into negative
territory, it could signal a shift in trend favoring the bears.
This weakening performance suggests that buying pressure is not
strong enough to sustain a meaningful recovery, increasing the risk
of further downside. A confirmed bearish crossover might
reinforce selling dominance, making it difficult for BTC to regain
an uptrend. For the bulls to regain control, a surge in buying
activity is needed to push the MACD indicators back into a positive
trend. Traders should watch key support and resistance levels
closely for confirmation of the next trend direction Potential
Scenarios: Rebound Or Another Leg Down? If bulls successfully
defend the $85,211 support level, Bitcoin could stage a relief
rally, driving prices toward the immediate resistance at $93,257. A
decisive break above this critical level could open the door for a
stronger bullish push, propelling BTC toward $100,000. Such a move
would restore market confidence and attract more buyers, increasing
the likelihood of continued upside expansion. Related Reading:
Bitcoin Reclaims $90K But This Indicator Signals Possible
Consolidation Phase However, once Bitcoin fails to gain momentum, a
drop below $85,211 may accelerate losses. In this case, BTC might
test lower support levels, possibly around $73,919 or even $65,082,
before finding stability. Featured image from Unsplash, chart from
Tradingview.com
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