HomePrice PredictionsBTCVolatility Ahead: Bitcoin Trapped in a Wedge, Breakout Imminent?

Volatility Ahead: Bitcoin Trapped in a Wedge, Breakout Imminent?

Date:

Bitcoin Technical Analysis: 18 MAR 2025

BTC Technical Analysis

Price faces a minor rejection from wedge trendline resistance. Source: TradingView

General View 

Bulls are facing a marginal rejection at trendline resistance, keeping Bitcoin within the descending wedge pattern. However, the price remains above the $80,000 support zone, indicating that buyers are gradually absorbing selling pressure. An active CME gap above the current price serves as a key upside target, aligning with Bitcoin’s tendency to fill these gaps. Overall, volatility is expected in the session. 

On the Upside

Once again, price partially succeeded in getting above the $84,300 level. However, the above resistance zone of $84,800–$85,000 got the better of the bulls and rejected the move. Bitcoin will have renewed intra-day resistance at $83,050 initially, followed by a $83,720 level. Meanwhile, the CME gap zone spans from $84,300 to $86,430.

On the Downside, 

Bitcoin as of now is taking support from the intra-day level of $82,200. Price has been holding this level for the last few hours. Below this, there is another intra-day support at the $81,700 level. These supports are likely to offer some assistance over the session, however, if these supports are breached, Bitcoin can slide lower into the strong support range of $80,700 to $79,050.

BTC Technical Analysis

CME gap zone, partially filled only. 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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