BTC faced strong resistance, but support is holding firm. Long-term, the structure remains healthy, and BTC might just be recharging for the next breakout. The liquidation map supports the bullish case, with rising volume at $84K and strong consensus around the $80K+ value zone. The setup looks promising, especially for those willing to take calculated risks.
BTC update on 28.03.2025
Summary
Short-term
BTC was unable to break through the upper box and hit a strong resistance zone. However, there’s no major concern yet, as the lower box is holding well and continues to act as strong support. As long as this zone holds, the bullish structure remains intact.
Long-term
We’re seeing a clear rejection at the upper box, which has been tested multiple times over the past few days. Still, the overall structure looks constructive. BTC may simply be taking a breather, potentially gathering enough strength to finally break through the upper zone.
Liquidation Heatmap Analysis
Encouraging signs here—volume around $84K is picking up, which is a bullish signal. Also, the fact that BTC has stayed above $80K for an extended period speaks to its underlying strength. Buyers clearly agree that BTC is worth at least $80K right now. While things can change quickly, the current sentiment is positive. A risk-tolerant long position could be considered in this environment.
