Key Takeaways
- Ali Marinez, a top crypto analyst, speculates that BTC’s price could retest to $75,000 if it fails its 50-week MA, which acts as support.
- BTC’s price gained 5% as altcoins recovered following a prolonged decline in the past weeks.
- Bitcoin’s price breaking above $95,000 could boost market sentiment as the price gears up to a high of $109,000.
Bitcoin (BTC) price has found its price trading within a range in the past few weeks within a price range of $78,000 to $85,000 as the price of BTC has struggled to find strong uptrend price momentum that could push the price to the upside.
BTC’s lack of price action to the upside in the past few weeks has affected the general market sentiment, and altcoins have also been affected. This has led to many altcoins trading into key monthly support, as the price of these altcoins faces key decisions to trade above these zones or suffer price decline to the downside.
The price of Bitcoin (BTC), enjoying a minor price rebound after dumping towards $78,000, has relieved traders and investors, who saw the price gain over 5% and jump towards $83,000.
Could this mean the price of Bitcoin (BTC) has found its bottom despite a prolonged price crash in the past few weeks? In the coming weeks, let’s discuss what top crypto analysts have to say and the price expectations for Bitcoin (BTC).
Crypto Analyst Speculates More Dump Could Be Looming
Following a minor price rebound across the crypto space, top crypto analyst, Ali Martinez has taken to his X account to analyze the current price action of BTC. He states that the price of BTC trades just above its 50-week and 200-week MAs (Moving Averages). From past historical price action, if the price of BTC trades below its 50-week MA, it will retest its 200-week MA, which is $80,000 and $46,000, respectively.
The price of BTC needs to show strength above $80,000. It has struggled to remain bullish in the past few weeks, with BTC bears dominating the price.
If Bitcoin rallies towards a high of $95,000, there is a high chance of gaining a strong bullish sentiment compared to past weeks, followed by a price recovery for altcoins, too.
Bitcoin (BTC) Technical Analysis for March 12-16, 2025
Source – BTC 1D Price Action From TradingView
The price of BTC currently trades below its 50-day and 200-day EMAs as it continues in its downtrend since the start of February 2025. The Price needs to break to the upside of $95,000 to resume its uptrend price rally.
Despite BTC’s current price retracement to $83,000, there is still a strong possibility of BTC bears pushing the price lower into its key demand zone of $75,000, as the price could grab some liquidity before continuing to the upside.
If the price of BTC breaks above its key resistance of $95,000, we could see a price rally and rebound from altcoins around the crypto space. The market could gear up for a price rally as the price attempts a breakout above its all-time high of $109,000.
Key Support Zone for BTC – $75,000
Key Resistance Zone for BTC – $95,000 and $109,000
