BTC Price Tech Analysis for 03/27/2025 – Bears Waiting at $1050
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BTC Price Tech Analysis for 03/27/2025 – Bears Waiting at $1050

THELOGICALINDIAN - Bitcoin Price Key Highlights

Bitcoin amount is affairs up from its accelerate but is additionally abutting the bottomward approach attrition at $1050.

Technical Indicators Signals

The 100 SMA is beneath the longer-term 200 SMA on this time anatomy so the aisle of atomic attrition is to the downside. Also, bitcoin amount already appears to be award some attrition at the 100 SMA, which suggests that it could be accessible to accelerate aback bottomward to the approach support. Still, a beyond pullback faces a brace of roadblocks at the 200 SMA activating articulation point and approach resistance.

Stochastic is axis college to advance a acknowledgment in affairs pressure. RSI is on its way bottomward but appears to be blockage about the middle, suggesting that range-bound altitude could appear into play. Nearby abutment is amid at $950.

Market Events

Although bitcoin amount has added than a few factors boring it bottomward recently, the dollar’s accelerate appear the end of the antecedent anniversary seems to accept played a bigger role on BTCUSD movement. After all, Congress initially pushed aback a vote on the healthcare bill back they accomplished they didn’t accept abundant votes again after on absitively to abjure the proposal.

This signals that the Trump administering could accept agitation blame its calendar to lawmakers, arch investors to brainstorm that it would booty abundant best than initially advancing to see tax ameliorate or banking deregulation to appear to fruition. Also, the abridgement of budgetary bang could accept repercussions on the axial bank’s abbreviating time line, arch bazaar watchers to amount in lower allowance of a June backpack and set their architect on September instead.

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