Bitcoin (BTC) experienced a bounce from $76,606 on March 11, but failed to maintain the price above $84,500 on March 12. According to Nansen principal research analyst Aurelie Barthere, Bitcoin is currently undergoing a macro correction within a bull market, with the critical level to watch being around $71,000 to $72,000, considered the top of the pre-election trading range. Glassnode, in its March 11 report, also pointed to a similar target, suggesting that the recent sell-off was triggered by short-term holders who might have bought near the peak in January. The analytics firm noted that Bitcoin could find support near $70,000 if selling pressure persists. Similarly, the US stock market has been facing pressure in recent days, but the decline in the US Dollar Index (DXY) from its multi-year high above 110 to under 104 offers hope for Bitcoin bulls, as the cryptocurrency often moves inversely to the dollar. As Bitcoin’s price hovers around key levels, the focus shifts to whether it will retest support at $76,606 or break above $85,000. The performance of other top cryptocurrencies like Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Pi, UNUS SED LEO, and Hedera Hashgraph (HBAR) is also under scrutiny. Technical analysis of these cryptocurrencies will provide insights into potential price movements and crucial support and resistance levels to monitor in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) experienced a bounce from $76,606 on March 11, but failed to maintain the price above $84,500 on March 12. According to Nansen principal research analyst Aurelie Barthere, Bitcoin is currently undergoing a macro correction within a bull market, with the critical level to watch being around $71,000 to $72,000, considered the top of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/63922"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=63922"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/63922\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=63922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=63922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=63922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}