HomePrice PredictionsBTCBitcoin at a Crossroads: Will the CME Gap Act as a Magnet?

Bitcoin at a Crossroads: Will the CME Gap Act as a Magnet?

Date:

Bitcoin Technical Analysis: 25 MAR 2025

BTC Technical Analysis

Short-term trend inside a rising wedge pattern. Source: TradingView

General View 

Bitcoin has gradually been in a correction phase, with the price rising from below $76,000 to nearly $88,200. However, the recovery appears to be forming a potential falling wedge pattern, which is a cause for concern as it often indicates a lack of sustainable strength. To turn this opportunity around, bulls need to break above the descending trendline level. 

On The Upside

Price has now started to struggle at higher levels. As it approaches resistance, active selling pressure has been observed. There are intraday resistance levels at $87,050, followed by $88,250. Any short-term strength above these levels is likely to be capped at the $90,000 mark. Unless the price convincingly breaks above this hurdle, any upside will remain unsustainable.

On The Downside, 

If Bitcoin fails to break the descending trendline, sellers will likely push for a retracement toward the CME gap at $83,930. This zone remains an attractive liquidity area, and a breakdown from the rising wedge could accelerate the move toward it. As for the session, intraday support levels are positioned at $86,150, followed by $85,250. Any slide below these levels would quickly fill the active CME gap.

BTC Technical Analysis

Bitcoin’s active CME gap zone. Source: TradingView

You May Also Like

Metaplanet Secures $21.25M to Boost Bitcoin Holdings as BTC Surpasses $100K

Metaplanet set to up its BTC stash by securing $21.25M through interest bonds and aims to reach 10,000 BTC stash by year’s end.The firm now holds 5,555 BTC and...

Bull Flag Ignites! ADA Eyes $0.75 After Breakout!

ADA Technical Analysis: 9 MAY 2025ADA initiates the bullish breakout! Source: TradingViewGeneral ViewAfter an extended consolidation phase, Cardano has decisively broken out of the range, initiating the second leg...

SOL Forms Bullish Reversal Pattern, But Neckline Stands Firm!

Solana Technical Analysis: 9 MAY 2025Solana reclaims the key supportive levels. Source: TradingViewGeneral ViewPrice has steadily climbed in recent days, reclaiming lost ground and pushing back into a key...

XRP Eyes Breakout Towards $2.40 as Cup & Handle Establishes!

XRP Technical Analysis: 8 MAY 2025XRP is establishing a bullish cup and handle pattern. Source: TradingViewGeneral ViewXRP is gradually building bullish pressure, showing strong momentum above the key demand...
Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

Subscribe To Our Weekly Picks!

- Join over 76,000+ subscribers

- Weekly picks delivered to your email

- It's free to subscribe!

Latest Altcoin News

SPONSORED ADVERTISEMENTspot_img

Latest News Stories

Wellgistics Bets $50M on XRP to Revolutionize Healthcare Pay

Wellgistics Health will use a $50M credit line to integrate XRP for faster, low-cost...

Senators Probe Trump-Binance Ties—Demand Answers from Treasury, DOJ

Democratic senators pressed Treasury and Justice to probe Trump family's financial links with Binance.A...

SEC Ends Legal Battle With Ripple in $50 Million Settlement

Ripple and the SEC agreed to settle their XRP lawsuit with $50 million payment...

Missouri Set to Become First State to Eliminate Capital Gains Tax

Missouri’s bill exempts capital gains from taxes, aiming to attract crypto investments.The tax exemption...

Celebrity Liability in FTX Collapse—Did They Really Know the Risks?

A Florida judge dismissed most claims against celebrities like Tom Brady and Stephen Curry,...