{"id":31832,"date":"2025-03-03T06:38:29","date_gmt":"2025-03-03T06:38:29","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=31832"},"modified":"2025-03-03T06:38:31","modified_gmt":"2025-03-03T06:38:31","slug":"bitcoin-technical-analysis-report-3rd-march-2025","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-3rd-march-2025","title":{"rendered":"Bitcoin Technical Analysis Report – 3rd March 2025"},"content":{"rendered":"\n

Bitcoin saw strong buying momentum over the weekend after US President Donald Trump announced that Bitcoin, Ether, XRP, Solana, and Cardano would be part of a new crypto strategic reserve. Adding to the bullish sentiment, BlackRock made a significant move by incorporating the iShares Bitcoin ETF Trust (IBIT) into its $150 billion model portfolio, as reported by Bloomberg. The investment giant allocated 1% to 2% of portfolios that allow alternative assets, potentially unlocking fresh demand for Bitcoin ETFs. Meanwhile, Bitcoin has climbed to the 20-day exponential moving average (EMA) of $92,366, indicating aggressive buying at lower levels. However, sellers are likely to defend this level, attempting to stall the ongoing relief rally.<\/p>\n\n\n\n

At the time of writing, BTC was trading at $92,800.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Last week, BTC experienced a sharp correction after breaking the key support level of $90,000. Prices dropped nearly 13%, hitting a low of $78,258. However, the asset formed a \u2018Hammer\u2019 candle, where the long lower shadow signaled strong buying interest, pushing prices back above $90,000. Notably, BTC secured a weekly close above this key level. For further upside, BTC must break, close, and sustain above $110,000. <\/p>\n\n\n\n

Key Levels:<\/strong><\/p>\n\n\n\n

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$80,000<\/td>$90,000<\/td>BTC<\/strong><\/td>$100,000<\/td>$110,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the grand scheme of things, ZebPay blogs are here to provide you with crypto wisdom\u2014get started today and join 6 million+ registered users to explore endless features on ZebPay!<\/p>\n\n\n\n

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TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin saw strong buying momentum over the weekend after US President Donald Trump announced that Bitcoin, Ether, XRP, Solana, and Cardano would be part of a new crypto strategic reserve. Adding to the bullish sentiment, BlackRock made a significant move by incorporating the iShares Bitcoin ETF Trust (IBIT) into its $150 billion model portfolio, as […]<\/p>\n","protected":false},"author":1,"featured_media":31834,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31832"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=31832"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31832\/revisions"}],"predecessor-version":[{"id":31836,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31832\/revisions\/31836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/31834"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=31832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=31832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=31832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}