Daan Crypto Trades
Daan Crypto Trades|Mar 09, 2025 13:01
BTC Has traded around this area with a lot of volatility. It currently sits on top of the Daily 200MA/EMA but below the previous range low around ~90K. You could say the market is very undecisive at this area after all the headlines that had to be digested. I think whatever move comes from here will be decisive for the following couple of weeks of trending price action. Above ~90K and holding there, and I think we re-visit the all time high. This would be in line with previous consolidations, range breakdowns & retakes. Below ~80K and holding there (can be a wick as we saw before) would show a lot of weakness. In that case I think we can start looking for the previous range high test at the ~74K region. This isn't my main scenario but it's something to keep in mind. For now, we'll simply wait for either of these levels to be broken and for the market to show its hand.
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