- Bitcoin holds support at $77,000 and is testing key trendlines.
- Bitcoin’s next major goal is $144,000 if it breaks resistance.
- The lower volume suggests that the market is waiting for potential upward movement.
Bitcoin (BTC) is currently finding support in the $77,000 range, and is following a key trendline dating back to 2020. This trendline marked on the chart has been consistently maintained as a support level during major price revisions. As of March 2025, Bitcoin is testing this important area, with a price of nearly $77,312.78. The current market scenario is set for potential gatherings, especially given the recent decline in prices to levels close to the Fibonacci 0.5 expansion.
#bitcoin finds support in the $77,000 range (1) reaching the support trendline (2) that began almost four years ago. Ends the final cycle.
The maximum pain is near .5 FIB dilation (3) about 13% lower than we do today. This should be very strong support.
If we were to…pic.twitter.com/uipmxhwstj
– Micro2Macr0 (@micro2macr0) March 11, 2025
Powerful Fibonacci support of $77,000
Bitcoin price action illustrates the classic pattern of finding support at the important Fibonacci level. The 0.5 Fibonacci expansion has recently served as a key point for integration, with Bitcoin bouncing back from this level many times in the past. The $77,000 range is important for Bitcoin’s next move. If Bitcoin can maintain this support, it could potentially expect a recovery to a higher target of up to $144,000. The chart reveals that the price is currently located near the 0.5 Fibonacci expansion. This is generally considered the main level of support. This level is about 13% lower than the current all-time high, reinforcing the notion that this is a key price range for future price actions.
Looking at the charts, it is clear that Bitcoin prices are in a huge bullish trend driven by a series of growing trend lines. These lines guide the low movement before Bitcoin, with current price action showing signs of respecting the trendline at $77,000. Bitcoin’s upward momentum could quickly accelerate once it holds this level and begins to break through the main zone of resistance. Prices above the trendline at the Fibonacci extension level of $144,000 are the next major targets. A critical break above this resistance zone could open the door at even higher prices in the coming months.
Volume and market sentiment
Bitcoin volume shows that there is less trading volume during price corrections and some fluctuations are seen, indicating that there is not enough sales pressure to break through key support levels. The current low volume actually offers a hint that there is room for upward movement as sales pressure has dropped. This validates the bullish sentiment of the market as volume increases with price movements above the $77,000 support level. With the market not over yet, many hope for a further rise as Bitcoin surpasses the immediate resistance zone.
Bitcoin has a price of $77,000 and holds significant support, and the chart suggests this is a pivotal level for the next move. If Bitcoin maintains this support, it is likely to push it to $144,000 towards the next Fibonacci extension. The current market structure shows that Bitcoin remains in a bullish stage and has significant upward potential. Traders and investors should look for a breakout above the resistance level for further price action towards new highs, focusing on $77,000 in support.
