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Bitunix Analyst: BTC Faces Short-Term Resistance and Should Avoid Chasing Highs, Long-Term Investors Can DCA in the $75K-$78K Range

5 hours ago

On March 15th, Bitcoin has seen a 2.913% increase in the past 24 hours, with the current price standing at $84,142. Nevertheless, a decline in consumer confidence may imply a weakening of economic activities, which could have an impact on the demand for risk assets such as Bitcoin. Analyst's Advice: The BTC price faced resistance between $84,000 and $85,000 but successfully held the key support level at $75,000. If it can break through the $85,000 mark, it may continue to move forward towards $90,000. Investors should closely keep an eye on market liquidity and institutional fund flows. Long-term investors may consider gradually building positions when BTC retraces to the range of $75,000 - $78,000, as this range has strong support.
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A whale has deposited 5 million USDC into Hyperliquid, gradually accumulating HYPE tokens.

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