Bitcoin Price Analysis of March 12, 2025: Will BTC Break Above $81,902.78 or Face Another Rejection?

Are you tracking BTC price today and wondering about its next move? The Bitcoin price analysis shows a mix of volatility and uncertainty, it experiencing an upward channel, a breakout, and a potential breakdown in the past 24 hours. While bullish momentum suggests the possibility of retesting key resistance, bearish signals suggest further downside risk. With traders closely watching market trends, Bitcoin price prediction highlights crucial support and resistance levels that could shape its next move. Will Bitcoin sustain its recovery, or is another drop on the way? Let’s dive into the latest price action.

Bitcoin Price Hits Resistance at $81,902 – Breakout and Retracement in Play

The trading day of March 11th saw BTC hitting the support level of $76,605.75, triggered by an oversold RSI condition at 00:40 UTC. A golden cross on the MACD line at 1:15 UTC fueled an upward channel, with another RSI oversold signal at 4:15 UTC helping BTC stabilize within a moderate trading range. By 8:45 UTC and 9:25 UTC, continuous overbought RSI conditions pushed the price toward resistance at $81,902.78. However, a death cross on the MACD at 9:50 UTC signaled the start of a downward trend. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 12, 2025

The price attempted to recover but was weighed down by an RSI oversold reading at 13:05 UTC. Based on the Bitcoin price analysis, a shift in momentum occurred at 15:05 UTC when a golden cross reignited an upward trend. By 18:00 UTC, another RSI oversold signal allowed the price to break through resistance, with the breakout confirmed by an overbought condition at 18:50 UTC. However, a death cross on the MACD at 19:20 UTC indicated that BTC would see slight downward fluctuations, ultimately settling into a moderate trading range by the end of the session.

Bitcoin Faces Uncertainty After Hitting $83,785 – Breakdown or False Signal?

The trading day of March 12th began with an upward move, reaching a new resistance at $83,785.27 following an overbought situation at 1:50 UTC. A death cross on the MACD line signaled a downward trend, leading to a price drop from the current support, which previously acted as resistance. An oversold situation at 4:00 UTC indicated weakening momentum, followed by another oversold condition at 4:40 UTC, bringing the price back into its previous trading range. However, a golden cross on the MACD line at 4:45 UTC hinted at a potential upward move. Whether this turns into a confirmed breakdown or a false signal depends on the price’s next move.

Bitcoin Price Prediction: Will BTC Breakout or Stay in Range?

The Bitcoin price analysis shows BTC moving through an upward channel, experiencing both a breakout and a possible breakdown in the past 24 hours. If the upward trend continues, the recent breakdown could prove false, allowing BTC to test the $83,785.27 resistance. However, if the price fails to surpass the $81,902.78 resistance, it may remain range-bound and risk breaking down toward the $76,605.75 support. Traders watching the BTC price today should monitor these key levels closely. The next move will determine the Bitcoin price prediction for the short term.