--- 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 | |-------|-------------|-----| | ‘We will never sell’: Metaplanet stands firm as Bitcoin losses top $1.2B | Metaplanet CEO Simon Gerovich stated that despite a paper loss exceeding $1.2 billion due to the crypto downturn, the fi | [Link](https://longbridge.com/en/news/276430581.md) | | Michael Saylor's Strategy says it can weather Bitcoin drop to $8,000 while covering debt | Bitcoin-focused firm Strategy (MSTR) claims it can endure a drop in Bitcoin's price to $8,000 while fully covering its d | [Link](https://longbridge.com/en/news/276098816.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) | | Michael Saylor Is Telling The Truth About Strategy's Bitcoin Stash, Coinbase Exec Says | John D’Agostino, Coinbase's Head of Institutional Strategy, discussed market volatility on CNBC, stating that the recent | [Link](https://longbridge.com/en/news/276156520.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) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.