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Bitcoin declines

Technical Analysis
By Mostafa Mahmoud
Bitcoin declines
0 2

BTCUSD

بيتكوين 11-3-2025

Bitcoin is trading above the support level of $77,500, and prices are likely to rebound upwards, targeting the resistance level of $82,000. This scenario would be invalidated if the aforementioned support level is broken downward.

Support

 77500 72600 –
Resistance 82000 92500

100000

The Bitcoin (BTC) cryptocurrency experienced a decline in its value today, dropping by 1.21%, which equates to a decrease of $987 compared to the previous closing price. This decline continues the downward trend that the currency has witnessed in recent days.

The factors influencing this decline include global economic concerns, geopolitical tensions, and movements by major investors. Additionally, U.S. President Donald Trump signed an executive order to establish a strategic Bitcoin reserve for the United States, which has caused frustration among investors, as the reserve will be funded by confiscated cryptocurrencies.

Overall, investors are advised to closely monitor economic and political developments, as these factors may continue to impact Bitcoin’s price in the near future.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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