{"id":12369,"date":"2025-03-24T07:09:11","date_gmt":"2025-03-24T07:09:11","guid":{"rendered":"https:\/\/alchemymarkets.wpengine.com\/?post_type=market_insights&#038;p=9550"},"modified":"2025-05-16T09:34:32","modified_gmt":"2025-05-16T09:34:32","slug":"btc-march-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/btc-march-2025\/","title":{"rendered":"Bitcoin in Rising Channel with Potential Rejection at $88,000"},"content":{"rendered":"\n<p>Bitcoin is currently in a rising channel after tapping the lows near $76,600, looking corrective and potentially building up for another price decline. <strong>Traders are eyeing the $76,000 level,<\/strong> which would take out the previous low and is currently acting as a <strong>psychological level<\/strong>.<\/p>\n\n\n\n<p>Regarding the <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/bullish-divergence\/\">bullish RSI divergence<\/a>\u2014we do currently have one in play, however, a bullish divergence does not always have to result in a reversal; it can simply be a pause in the downtrend (which the rising channel seems to suggest).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Technical Breakdown of BTCUSDT 1D Chart<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/25.03.24-TA.png\" alt=\"\" class=\"wp-image-9553\" \/><\/figure>\n\n\n\n<p><strong>For Bitcoin to break bullish, we would need a clear break of the following:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rising channel upper band, which is lining up with $88,000<\/li>\n\n\n\n<li>Neckline of the Double Top, between $90,480 &#8211; $92,700<\/li>\n<\/ul>\n\n\n\n<p><strong>Aggressive bears can look for shorts at these aforementioned areas:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A rejection at $88,000 is most bearish, seeing Bitcoin revisit $76,600 or even lower<\/li>\n\n\n\n<li>If price rejects at the neckline, a new support would be formed between $86,870\u2013$87,600 (new support to watch)<\/li>\n\n\n\n<li>If <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/double-top-pattern\/\">double top<\/a> is to complete its measured move target, BTC could reach approx. $73,400<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/25.03.24-TA2.jpg\" alt=\"\" class=\"wp-image-9551\" \/><\/figure>\n\n\n\n<p>Additionally, <strong>the anchored <\/strong><a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/vwap\/\"><strong>vWAP<\/strong><\/a> drawn from the all-time-highs (ATH) to the current price shows $92,821 as a secret resistance, aligning closely with the neckline and providing confluence.<\/p>\n\n\n\n<p>Overall, the current Bitcoin price appears to be in a <strong>corrective stage<\/strong>, implying that further downside is likely. However, if the $92,800 resistance zone is broken to the upside, we may see the bull market resume.<\/p>\n\n\n\n<p><strong>You may also be interested in:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"g71HH2o86l\"><a href=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/weekly-outlook\/post-fed-market-outlook-consumer-trends-uk-policy-and-spx-technical-levels\/\">Post-Fed Market Outlook: Consumer Trends, UK Policy, and SPX Technical Levels<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Post-Fed Market Outlook: Consumer Trends, UK Policy, and SPX Technical Levels&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/weekly-outlook\/post-fed-market-outlook-consumer-trends-uk-policy-and-spx-technical-levels\/embed\/#?secret=0C0WnVZiV4#?secret=g71HH2o86l\" data-secret=\"g71HH2o86l\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin trades in a rising channel with bullish RSI divergence. Key resistance at $88K\u2013$92.8K could decide if bulls take over or price drops lower.<\/p>\n","protected":false},"author":159,"featured_media":12467,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-12369","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin in Rising Channel with Potential Rejection at $88,000 - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Bitcoin trades in a rising channel with bullish RSI divergence. 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Key resistance at $88K\u2013$92.8K could decide if bulls take over or price drops lower.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/btc-march-2025\/","og_site_name":"Alchemy Markets","article_modified_time":"2025-05-16T09:34:32+00:00","og_image":[{"width":1600,"height":859,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/25.03.24-TA.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Ber\u00e4knad l\u00e4stid":"2 minuter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/btc-march-2025\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/btc-march-2025\/","name":"Bitcoin in Rising Channel with Potential Rejection at $88,000 - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/btc-march-2025\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/btc-march-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/25.03.24-TA.png","datePublished":"2025-03-24T07:09:11+00:00","dateModified":"2025-05-16T09:34:32+00:00","description":"Bitcoin trades in a rising channel with bullish RSI divergence. 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