Bitcoin.com News
Bitcoin.com News|Mar 06, 2025 20:32
Bitcoin eyes 92K resistance 🚀 as White House Crypto Summit looms ⚠️. Bulls battle to defend 88K support amid 46B trading frenzy. Can 88,204 hold the line for a 1.74T market cap surge? - Bitcoin’s daily chart shows a correction phase with critical support at 88K–89K. A sustained break above 92K could target 95K, while a failure risks a retest of 78K lows. - The 4-hour chart highlights volatile swings between 87K and 95K, with heavy sell-off volume easing into bullish accumulation near 88K—a potential long opportunity. - Oscillators like RSI (43) and MACD (-2,619) signal caution, but momentum (-3,686) hints at a buy. Short-term EMAs favor sellers, while long-term SMAs (200) lean bullish at 82K–85K.
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