BTCUSD on the 1D chart is sitting at 200DMA line. It first broke through on Feb 28, 2025 and closed above. Weekend news on crypto reserve from President Trump generated a quick pump and dump.
As of late day March 3, it touched the 200DMA again and has held above.
Next move:
On a break, next major support is around 72870.
On a bounce, target at congestion zone between 96000 to 100000, with significant ceiling from the 50 and 100DMA at 97000 and declining.
Market-moving fundamental news can be expected around the U.S.crypto summit on March 7th. BTC may be (relatively) range-bound until then.
As of late day March 3, it touched the 200DMA again and has held above.
Next move:
On a break, next major support is around 72870.
On a bounce, target at congestion zone between 96000 to 100000, with significant ceiling from the 50 and 100DMA at 97000 and declining.
Market-moving fundamental news can be expected around the U.S.crypto summit on March 7th. BTC may be (relatively) range-bound until then.
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