Bitcoin Price Analysis of March 6, 2025: Will BTC Carry on Its Recovery or Lose $91,000 Support?

Bitcoin has shown strong signs of recovery after last week’s downturn, with prices rebounding in an upward trend. Bitcoin price analysis indicates renewed bullish momentum, pushing the market toward key resistance levels. Traders are now watching whether BTC price today can sustain this growth or face another pullback. With shifting market dynamics, investors are looking for clear signals to gauge the next move. According to Bitcoin price prediction, BTC’s trajectory depends on maintaining support and breaking past resistance. As volatility remains high, the coming hours will be crucial in determining Bitcoin’s next direction.

BTC Rebounds from $86,339 to Test $90,935 Resistance

The trading day started with a slight downward move as BTC found support at $86,339.28 after reaching oversold conditions on the RSI at 00:45 UTC. Shortly after, the MACD golden cross at 01:10 UTC initiated an upward channel, pushing prices higher. However, at 03:40 UTC, a death cross appeared, briefly causing a minor dip. Despite this, BTC remained in an upward trend, hitting overbought conditions at 07:05 UTC, 09:05 UTC, and 09:25 UTC on the RSI.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 6, 2025

By 10:30 UTC, another overbought signal fueled further bullish momentum, leading BTC to test resistance at $90,935.64. The uptrend was interrupted at 12:50 UTC when a death cross on MACD led to a downward move, causing fluctuations in the price. However, at 16:35 UTC, a new golden cross appeared, signaling another upward channel. The momentum strengthened further, with another overbought condition at 17:30 UTC, confirming strong buying pressure. BTC maintained its upward trajectory as traders continued pushing the price higher.

Bitcoin Gains Momentum After Brief Drop on March 6

The trading day of March 6th began with a death cross at midnight, briefly pushing BTC downward. However, at 1:25 UTC, a golden cross appeared on the MACD line, suggesting an upward trend. Shortly after, at 1:45 UTC, an oversold on the RSI led to a price rebound. As buying pressure increased, the RSI showed an overbought at 4:50 UTC, further driving the price upward. This sequence of technical signals indicated strong market activity, with BTC reacting to key momentum shifts throughout the early hours of the day.

Bitcoin Price Prediction: Will BTC Hold Above or Drop Back to $86,339?

In the past 24 hours, Bitcoin price analysis shows a strong upward channel, signaling a potential recovery. If this bullish momentum continues, BTC price today could reach $92,800 or higher. However, if the price fails to keep the uptrend, it may drop below $90,935.64 support—previously a resistance level. A breakdown from this point could push BTC back into its previous trading range, fluctuating between $90,935.64 resistance and $86,339.28 support. According to Bitcoin price prediction, traders should watch for confirmation signals to determine whether BTC will maintain its current trajectory or face another pullback.