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Bitcoin (BTC) has been on a wild ride, recently experiencing a sharp drop before bouncing back above $90,000. After reaching an all-time high (ATH) near $110,000, BTC has struggled with increased selling pressure, leading to a pullback that tested the $80,000 support level. With BTC price now hovering around $91,000, traders are left wondering— will Bitcoin crash below $80,000 , or is this just a temporary correction before a new ATH rally? Let’s analyze BTC’s key levels, indicators, and potential price movements to determine the most likely scenario. Bitcoin’s price action suggests that $80,000 has acted as a strong support level, with buyers stepping in aggressively to prevent further downside. The latest bounce above $90,000 indicates some bullish recovery, but BTC still needs to break above $95,000-$97,000 to confirm a reversal. If Bitcoin maintains its momentum and closes above $95,000, it could signal a shift toward a renewed bullish phase, with the next key resistance near $100,000-$105,000. However, if BTC fails to reclaim these levels, it may face another drop back to $85,000 or lower. The Relative Strength Index (RSI) is currently at 47, indicating that BTC is neither overbought nor oversold. However, just a few days ago, RSI dipped into the oversold region below 30, which triggered the recent price bounce. If RSI climbs above 55-60, it would indicate strengthening bullish momentum, potentially pushing BTC toward $100,000 . On the other hand, if RSI drops back below 40, it could suggest another wave of selling pressure. The Heikin Ashi candles are showing a slight shift in trend, with green candles forming after a series of strong red ones. If BTC can sustain this bullish momentum, we may see a continued recovery in the coming days. For Bitcoin to reclaim its bullish structure , it must break and hold above $95,000-$97,000, which is the first resistance zone. If BTC price successfully crosses this barrier, it will open the doors for a move toward $100,000-$105,000, where major resistance is expected. A confirmed breakout above $105,000 would likely set the stage for BTC to challenge its previous ATH near $110,000. However, failure to break $95,000 could result in another pullback, leading to a retest of the $80,000-$85,000 support zone. If Bitcoin loses the $80,000 support level , the next critical zone to watch is $75,000-$77,000, which could act as a short-term demand zone. A break below $75,000 would signal deeper trouble, potentially dragging BTC price down to $70,000 or even $65,000. While a crash below $80,000 seems unlikely unless a macro-level catalyst triggers panic selling, traders should closely monitor Bitcoin’s daily closes to confirm if the bullish momentum is fading. Bitcoin’s price action suggests that $80,000 is a strong support level, but for BTC to confirm a bullish trend, it must break above $95,000-$97,000 and hold. If BTC clears $100,000, we could see another rally toward $110,000 and beyond. For short-term traders, waiting for a breakout confirmation above $95,000 would be ideal. Meanwhile, long-term investors might view dips toward $80,000-$85,000 as potential accumulation zones.

Solana co-founder prefers no US crypto reserve but is open to 'measurable requirements'

❤️ THIS POST AND I WILL SHARE NEXT 10X GEM COIN #MOVE DAILY TIMEFRAME UPDATE (ON DEMAND) Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems. Movement Network is first Move-EVM L2 for Ethereum, alongside open-source tooling and protocols to facilitate the adoption of the Move programming language across blockchain ecosystems. ANY THOUGHTS ON $MOVE ?

Ethereum price surged 6% in the past 24 hours, reclaiming the $2,300 level despite weakening decentralized finance metrics. According to data from Defi Llama, in February, Ethereum’s ( ETH ) total value locked fell to $50 billion from a peak of $71 billion in January. Additionally, decentralized exchange volumes have been declining as capital flows into alternate ecosystems such as layer 2s and Solana ( SOL ). DEX volume fell from $92 billion in December to $82 billion in February, a 11% decline. Ethereum network fees, on the other hand, have decreased from $142 million in January to barely $46 million in February, indicating a decline in demand. The upcoming Pectra upgrade , which is expected to enhance network functionality and fee efficiency, might be a short-term catalyst. However, it is still unclear if these upgrades will be enough to stop the decline in DeFi activity. Furthermore, technical issues or delays could slow down the momentum and maintain ETH within its current range. On the technical side, Ethereum is still trading below the $2,846 critical resistance. A squeeze in the Bollinger Bands suggests a possible breakout. The relative strength index at 41.40 indicates modest momentum, although bullish strength might be confirmed by a move above 50. Despite the price uptick, low trading volume suggests hesitation among buyers. ETH needs a strong push past resistance to sustain gains, or it risks another pullback. A decisive break above $2,846 may open the path to $2,946, while failure to hold current levels could lead to a retest of $2,200 support. Meanwhile, sentiment remains mixed ahead of the White House Crypto Summit on Mar. 7. Recently, U.S. President Donald Trump proposed the formation of a national crypto strategic reserve , with Ethereum being among the cryptocurrencies. Although some see this as a sign of a possible reversal, analysts caution that if enough regulatory clarification is not reached, the summit may become a “sell-the-news” event and lead to further downturns.

🚨 NOW: Bitcoin open interest drops to its lowest level since August.