---
title: "Bitcoin Price Steadies—Is a Meaningful Bounce on the Horizon?"
description: "Bitcoin price is recovering above $80,500, aiming for resistance levels at $84,000 and $85,000. Currently trading above $81,200, it faces immediate resistance at $82,450. A close above $85,000 could p"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/231785663.md"
published_at: "2025-03-14T02:53:27.000Z"
---

# Bitcoin Price Steadies—Is a Meaningful Bounce on the Horizon?

> Bitcoin price is recovering above $80,500, aiming for resistance levels at $84,000 and $85,000. Currently trading above $81,200, it faces immediate resistance at $82,450. A close above $85,000 could push prices towards $86,500 or higher. Conversely, failure to surpass $82,450 may lead to a decline, with support levels at $80,500 and $79,600. Technical indicators show a bullish trend, with MACD gaining pace and RSI above 50.

*Bitcoin price started a recovery wave above the $80,500 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels.*

-   Bitcoin started a decent recovery wave above the $81,000 zone.
-   The price is trading above $81,500 and the 100 hourly Simple moving average.
-   There was a break below a short-term bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
-   The pair could start another increase if it clears the $82,500 and $84,000 levels.

**Bitcoin Price Eyes Steady Increase**

Bitcoin price remained stable above the $78,000 level. BTC formed a base and recently started a recovery wave above the $80,500 resistance level.

The bulls pushed the price above the $82,000 resistance level. However, the bears were active near the $84,000 resistance zone. A high was formed at $84,200 and the price corrected some gains. There was a move below the $83,000 level.

The price dipped below the 50% Fib retracement level of the upward move from the $76,818 swing low to the $84,200 high. Besides, there was a break below a short-term bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading above $81,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,450 level. The first key resistance is near the $84,000 level. The next key resistance could be $85,000.

A close above the $85,000 resistance might send the price further higher. In the stated case, the price could rise and test the $86,500 resistance level. Any more gains might send the price toward the $88,000 level or even $96,200.

**Another Drop In BTC?**

If Bitcoin fails to rise above the $82,450 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $80,500 level. The first major support is near the $79,600 level or the 61.8% Fib retracement level of the upward move from the $76,818 swing low to the $84,200 high.

The next support is now near the $78,500 zone. Any more losses might send the price toward the $77,000 support in the near term. The main support sits at $76,500.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $80,500, followed by $79,600.

Major Resistance Levels – $82,450 and $84,000.

### Related Stocks

- [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
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| Bitcoin ETFs Hold Billions as BTC Slips Below $70K, Analysts Warn of Potential Free Fall | Bitcoin's price has fallen below $70,000, raising concerns in the crypto market despite Bitcoin ETFs holding about $85 b | [Link](https://longbridge.com/en/news/276320596.md) |
| Bitcoin fights to stay above $60K, but why this could just be BTC’s reset | Bitcoin is struggling to maintain its value above $60,000, currently priced at around $66,888, down nearly 46% from its  | [Link](https://longbridge.com/en/news/276397757.md) |
| Strategy Stock Posted that it "Can Withstand a Drawdown in $BTC Price to $8K" as Michael Saylor Doubles Down on His Never Sell Mantra | Michael Saylor reassures investors that Strategy can withstand a Bitcoin price drop to $8K, maintaining enough assets to | [Link](https://longbridge.com/en/news/276053146.md) |
| Which sectors performed best during the Spring Festival? A review of BTC and A-share data during the Spring Festival of 2011. | The analysis compares the performance of A-shares and Bitcoin (BTC) during the Spring Festival, highlighting their indep | [Link](https://longbridge.com/en/news/276048849.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
