Bitcoin is not having the rally we were initially expecting from it and is now in a range of $80-$90k and is now trading at a support level which can signal short term rally.
In this article, we will look at BTC Next target by looking at price chart and technicals.
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Bitcoin Next Target
- Price: Approximately $87,222.20 USD per BTC.
- Market Capitalization: Approximately $1.745 trillion USD.
- 24-Hour Trading Volume: Approximately 65,173 BTC (equivalent to $5.61 billion USD).
- Circulating Supply: Approximately 19.83 million BTC.
- Total Supply: Capped at 21 million BTC.
In case BTC breakdown this level. Then the marked ones are the next targets.
Technical Indicators
- Price Movement: On March 4, 2025, Bitcoin’s price ranged between a low of $81,529.24 and a high of $88,911.27, closing at $87,222.20.
- 24-Hour Performance: The price declined by approximately 7.58% within the 24-hour period.
- Market Dominance: Bitcoin’s market dominance increased by 0.57% to reach 62.52%.
Recent Developments
- Market Volatility: On March 4, 2025, Bitcoin experienced a sharp drop after failing to sustain above $91,500, leading to strong selling pressure and a dip to $82,000 before rebounding to around $84,540.
- U.S. Government Initiative: The U.S. government announced the establishment of a Strategic Bitcoin Reserve and a digital asset stockpile, recognizing Bitcoin’s scarcity and security as strategic advantages.
- Mining Activity: CleanSpark reported selling 14.23 bitcoins during March 2025 at an average price of approximately $87,742 per bitcoin.
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