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Home»Bitcoin»Bitcoin for $ 84k – Can BTC hold or fall up to $ 60k?
Bitcoin

Bitcoin for $ 84k – Can BTC hold or fall up to $ 60k?

2025-03-09No Comments3 Mins Read
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  • Bitcoin tested a critical level of $ 84,640, with potential for a new all -time high or deeper correction.
  • A breakdown can lead to a correction of up to $ 64,700 or $ 60k, but also preceding a large rebound.

Bitcoin [BTC] Is currently on the edge of a razor. According to the CVD channel-a historically reliable indicator on the chain is the level of $ 84,640 a make-or-break-zone.

If Bitcoin consolidates above this line, a new of all time can be in sight. But if it staggeres, a steeper correction to $ 64,700 or even $ 60k can follow.

Despite the imminent risks, breakdowns have often led to large rallies in the past.

The meaning of the CvdD channel

The CVDD (Cumulative Value Days Demaned) channel follows long -term behavior in the long term by measuring the value of coins that is moved compared to their age. It is one of the most accurate tools for identifying cycle bottoms.

By laying Fibonacci polyvouds of the CVD, this channel creates dynamic support and resistance bands that Bitcoin has historically respected.

These lines offer a future-oriented framework to identify structural price shifts, whereby every breakdown or breakout often leads to a movement to the next CVD band.

In essence, it transforms the activity of investors in the chain into a predictive route map-a one that now flashes a crucial signal.

Bitcoin’s current scenario: historical precedent

Bitcoin was the tests of the CVDD × 2.618 levelwho was on the $ 84,640 press. This line has acted as a strong support in earlier uptrends, but now ran the risk of breaking.

The data showed similar malfunctions in mid-2022 and at the end of 2024, which both caused sharp corrections to lower CvDD tires.

bitcoinbitcoin

Source: Alfractaal

Green arrows indicate earlier bounces of tires at the middle level, while red arrows emphasize failed supports.

See also  These Bitcoin Holders Experienced Momentary Pain – Here's What Happened

The current behavior of the market reflects the phases from the past closely where the price had no level and quickly dropped to the next.

A clean break here can reflect the dive of 2022 – but also set up a rebound, as can be seen later that year.

Look out

If Bitcoin consolidates above $ 84,640, this would suggest that the CvDD × 2,618 level acts as a new basis. This may indicate that a local soil forms, so that the door is opened for a new meeting to unknown highlights.

Similar consolidations in 2021 and at the end of 2023 preceded strong bullish runs. Persistent power here would strengthen the bullish sentiment and validate the predictive power of the channel.

However, a breakdown under $ 84k can cause a deeper correction, with the following support at $ 64,700 adjusted to the all time of April 2021.

If the sales pressure persists, the price can fall to $ 60k.

Although Bearish in the short term, such a movement would not be unprecedented; Bitcoin followed a similar pattern in 2021 and immersed it shortly before launching new highlights. The key is how long it stays below this level.

Previous: Bitcoin’s Lull: hesitate BTC investors to make movements?

Next: Comp is confronted with critical support from $ 46 – Will Beren take over the bulls?

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