Bitcoin Price Analysis of March 5, 2025: BTC Struggles at $88,972.37 – Will It Hold $86,813.41 Support Level?

The previous breakdown still hasn’t allowed Bitcoin to recover from the recent crash, as Bitcoin price analysis indicates continued struggles. BTC price today remains under pressure, failing to regain key levels despite brief bullish attempts. The selling momentum suggests that bears are still in control, keeping Bitcoin in a tight spot. With liquidity shifts and technical factors shaping the market, traders are now focused on identifying the next potential support. Let’s dive into the past 24 hours of price action and explore the Bitcoin price prediction for the next move.

Bitcoin Struggles Amid Volatility: Key Support Levels in Focus

The trading day started with a moderate range, with Bitcoin facing resistance at $86,813.41 at 00:20 UTC. Shortly after, at 00:30 UTC, a death cross on the MACD line signaled a downward channel. By 1:40 UTC, an oversold condition on the RSI indicator drove the price lower. However, at 2:35 UTC, a golden cross appeared on the MACD line, hinting at a potential recovery. Despite the upward attempt, Bitcoin remained within a downward channel. At 13:25 UTC, another oversold RSI condition led to a price drop, but a golden cross at 14:30 UTC pushed BTC upward again. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 5, 2025

The price surged and established support at $81,502.03. A golden cross at 16:35 UTC initiated another uptrend, reinforced by an RSI oversold at 18:00 UTC. By 19:00 UTC, Bitcoin broke out from a resistance level due to an oversold push, leading to a bullish move. The price remained in an uptrend until 20:20 UTC, with overbought signals appearing. However, at 19:50 UTC, a death cross on the MACD line triggered a downtrend, with BTC struggling to hold its previous resistance as new support.

Bitcoin Faces Selling Pressure as Downtrend Continues on March 5 

The trading day of March 5 began with a downward channel influenced by a prior death cross. At 00:45 UTC, the RSI indicator showed an oversold, pushing the price below its support level. However, a golden cross at 1:10 UTC triggered a brief recovery, causing an upward fluctuation despite the ongoing downtrend. The price attempted to stabilize but remained within the downward trajectory. By 3:35 UTC, another death cross on the MACD line reinforced selling pressure, driving the price lower. BTC then settled into a moderate trading range, awaiting the next breakout.

Bitcoin Battles Key Levels: Breakout or Further Decline?

In the last 24 hours, Bitcoin price analysis showed a downward channel, a breakout, and another decline. If the downtrend continues, it could break the $86,813.41 support and fall back into the previous trading range, testing the $81,502.03 support. However, if buyers regain momentum, BTC price today could push higher, attempting to break the $88,972.37 resistance. Market sentiment and technical indicators will play a crucial role in determining Bitcoin’s next move. Traders should watch for key liquidity zones, as a breakout in either direction could set the tone for the Bitcoin price prediction.