HomePrice PredictionsBTCBitcoin's Road to $100K: Can Bulls Break Through $89K?

Bitcoin’s Road to $100K: Can Bulls Break Through $89K?

Date:

Bitcoin Technical Analysis: 27 MAR 2025

Intra-Day Resistance flipped into support. Source: TradingView

General View 

Bulls have been doing well since breaking out of the falling wedge pattern, signaling a shift in control. The price is now consolidating near intra-day resistance levels, attempting to gain momentum for further upward movement. However, the descending trendline from previous highs is still limiting the upside. If bulls can drag Bitcoin above the $89K level, another intra-day breakout is likely, pushing the price higher.

On The Upside

Immediate resistance lies at the $88,050 and $88,600 levels. This is where bulls have been struggling to find extended continuation. A firm breakout above $89,000, coupled with the clearance of the descending trendline, could pave the way for an acceleration toward stronger resistance at $91,350, followed by $92,800.

On The Downside, 

The previous intra-day resistance level of $87,000 has now been flipped into an intra-day support. Below this, there is another strong intra-day support at the $86,150 level. As of now, bulls have been holding well; however, this strength needs a bullish continuation as soon as possible. If $89K continues to create rejections, the intra-day supports could potentially weaken.

Descending trendline at $89K is a key resistance. Source: TradingView

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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.

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