Bitcoin’s Strong Monthly Close: Can Bulls Maintain Control?

• Bitcoin closed March above the 38.2% Fibonacci level, keeping the bullish trend intact.
• Resistance stands at $88K, while support near $83K holds key for market direction.
• Technical indicators show mixed signals, but momentum favors bulls if volume supports further gains.

Bitcoin — BTC, closed March on a strong note, closing above the 38.2% Fibonacci retracement level. This move keeps bullish momentum alive, but traders remain cautious. The market bounced from recent lows and now pushes toward higher resistance. Prices range between $84,968 and $85,260, keeping traders on edge. A breakout could send Bitcoin toward higher levels, while failure to hold support may bring fresh selling pressure.

#Bitcoin Monthly Close ✅#BTC closed March just above the 38.2% Fibonacci retracement level.

That keeps the bullish scenario alive for now.
Let’s see what April has in store. pic.twitter.com/GoOjB40Xw7

— Titan of Crypto (@Washigorira) April 1, 2025

Key Technical Levels to Watch

The price of Bitcoin hovers in a crucial zone after rebounding from a $76,680 low. Daily candlestick patterns show uncertainty, but buying pressure continues. The $83,000 level acts as immediate support, while a stronger foundation sits near $76,700. Resistance between $88,000 and $89,000 remains a major hurdle. A daily close above $86,000 with strong volume could push Bitcoin toward $89,000. If rejection occurs, a pullback toward support zones becomes likely.

The four-hour chart shows a steady recovery from $81,138 to $87,470 before a correction. Higher lows signal continued buying interest, but $87,470 remains a key resistance. A breakout above this level could send Bitcoin toward $88,500. A failed attempt may increase chances of a retest at $83,500. Short-term price action on the one-hour chart shows an upward channel, with buy volume providing support. Holding above $85,000 could fuel a move toward $86,500. A drop below $84,000 might trigger stop-losses and speed up a decline.

Market Indicators and Moving Averages

Oscillators show mixed signals. The relative strength index (RSI) sits at 48, pointing to neutral momentum. The stochastic oscillator at 71 leans slightly bullish, while the commodity channel index (CCI) at 13 remains neutral. The average directional index (ADX) at 32 confirms a trend but lacks strength. The awesome oscillator stands at -2,622, reflecting indecision. However, the momentum indicator at 4,154 and the MACD level at -1,680 show mild bullish signals.

Moving averages provide contrasting insights. Short-term indicators, including the 10 and 20-period EMA and SMA, suggest upward movement between $84,178 and $85,228. Mid-range signals lean bearish, showing resistance between $86,060 and $86,671. Long-term moving averages remain mostly bearish, though the 200-period SMA at $84,893 offers some support.

Fibonacci retracement levels highlight potential reactions at 38.2%, 50%, and 61.8%. These areas provide traders with possible entry points during pullbacks. Stop-losses should be set below 78.6% or 100% retracement levels to reduce risk. A breakout may confirm a bullish continuation, while failure to sustain momentum could lead to further consolidation or deeper corrections.

Source