Bitcoin wrapped up last week on a strong note, but that momentum hasn’t fully carried into the new week. So far in 2025, weekend trading has been mostly flat, with no major price movements.
Despite a push on Friday, Bitcoin has struggled to make further gains. Market analysts at MoreCryptoOnline have identified crucial price levels that could determine Bitcoin’s next move.
Can Bitcoin Break Past $86,700?
In a March 15 update, MoreCryptoOnline highlighted the $86,700 resistance level as a key hurdle for Bitcoin. If Bitcoin can push past this point, it could trigger a strong rally.
On the other hand, if selling pressure builds, Bitcoin might drop to $77,859, with the risk of falling as low as $71,011.
Bitcoin Price Update
At the moment, Bitcoin is trading around $84,050, showing little movement in the past 24 hours. Over the past week, it has dipped by more than 2%, according to CoinGecko.
Even with this minor drop, Bitcoin remains the largest cryptocurrency in the world, holding a market cap of $1.67 trillion.
What History Tells Us
Bitcoin has faced similar resistance levels before. In 2021, it struggled to break $60,000 multiple times before soaring to an all-time high of $69,000. Likewise, in 2017, Bitcoin hovered around $10,000 before skyrocketing to $20,000 by year-end.
If past trends hold, a break above $86,700 could lead to new highs. But if Bitcoin fails to push through, a pullback could be on the horizon.
For now, investors remain in wait-and-see mode, watching for the next big move.
The post Bitcoin Faces Key Resistance: Will It Break Through? appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
