Bitcoin Price Analysis of March 11, 2025: Bitcoin Recovering from $76,600 Crash, Can It Retrieve or Another Breakdown Is Ahead?

Are you considering an investment in BTC price today and wondering how it’s performing? Despite brief recoveries, Bitcoin price analysis shows that BTC has yet to regain its strength after the market crash. The past 24 hours have been marked by a downward channel, a potential breakdown, and a pullback, reflecting ongoing market uncertainty. With Bitcoin price prediction pointing to key resistance and support levels, traders are watching whether BTC can break out or face another rejection. Will Bitcoin reclaim lost ground, or is further downside ahead? Let’s analyze the latest market movements.

Bitcoin Faces Sharp Rejection at $84K as Downtrend Takes Control

The trading day of March 10 began with a slight downward move as BTC found support at $80,375.59. Shortly after, at 00:35 UTC, a golden cross on the MACD line triggered an upward channel. By 3:00 UTC, a death cross briefly pushed the price down, but BTC remained within the upward trend. At 8:35 UTC, the RSI indicator signaled an oversold condition, briefly causing a price dip. However, a golden cross at 9:10 UTC, followed by an overbought situation at 9:20 UTC, pushed the price toward a resistance level of $84,119.82. BTC fluctuated, and another overbought signal at 12:00 UTC led to a price jump. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 11, 2025

Based on Bitcoin price analysis, by 12:25 UTC, a death cross marked the start of a downward channel. The price dropped sharply, breaking support, with an oversold situation at 14:15 UTC hinting at a potential breakdown. A golden cross at 15:00 UTC briefly lifted the price, but support couldn’t hold, and BTC dropped again. By 17:00 UTC, another oversold signal on RSI kept BTC in the downward channel. The trend shifted at 19:10 UTC, when a golden cross initiated an upward move, forming a new trading range. However, the previous support level now acted as resistance. Finally, at 22:00 UTC, a death cross suggested a potential downward move, keeping the market in a cautious stance.

BTC Price Today: Sharp Recovery from Oversold Levels, Struggles at Resistance

The trading day of March 11th saw BTC prices fluctuating before falling due to the previous day’s death cross. The price hit an oversold zone at 00:40 UTC, finding support at $76,605.75. A golden cross on the MACD at 1:50 UTC triggered an upward trend, leading to a recovery. However, the RSI showed an overbought at 4:15 UTC, causing the price to test resistance. Despite the bullish push, BTC struggled to break above resistance, suggesting potential consolidation or another downward move if buying pressure weakens.

Bitcoin Break Resistance or Face Another Drop?

In the past 24 hours, Bitcoin price analysis indicates significant volatility, with BTC experiencing a downward channel, a breakdown, and an upward trend. If this upward momentum continues, Bitcoin price prediction suggests a potential breakout above the current resistance at $80,375.59, pushing the price toward the previous range where the resistance was at $84,119.82. However, if the BTC price today fails to sustain its gains and faces rejection at resistance, it could fall back, risking a breakdown below the crucial support of $76,605.75. Traders should closely monitor price action for confirmation of the next move.