Bullrun Bitcoin 2025: Strong growth momentum and important levels to follow

The crypto market has increased by 1.17% in the last 24 hours. During this period, most of the top 10 cryptocurrencies, including Bitcoin, have shown growth. The Bitcoin market surged by 4%. Currently, the price of BTC is at $87,819 – nearly 3.43% higher than the beginning of this month. However, analysts predict a potential pullback may occur. Here are some things that traders should pay attention to.

Market sentiment recovers after liquidation

On March 20, the Bitcoin market reached a level of $87,452. Unfortunately, on the same day, the market dropped sharply by nearly 3.03%. In fact, during the period from March 20 to March 22, the market declined by more than 3.51%. However, yesterday, the trend reversed as the market recovered by nearly 2.65%. Currently, the price of Bitcoin is still about 2.3% higher than the market price at the beginning of March 23.

This shows that people's confidence in Bitcoin is being restored.

Short-term pullback expected in 1-2 weeks

A post on X by CrypNuevo claims that the Bitcoin market may retreat in the next 1 or 2 weeks.

Pointing out some important patterns on the weekly chart of Bitcoin, the analyst asserts that the overall bullish trend in the market remains intact.

The 50-day EMA of BTC on the weekly chart is currently at $77,726. Recently, the BTC market has retested this level.

BTC Price Chart 1 Week | Source: TradingviewMaintaining above this level is very important for Bitcoin, as this is a crucial support level for a bullish market.

Analysts state that as long as the market remains above the support level of $77,000, the bullish trend is still in effect.

He also warned that if the price of BTC falls below this level, the market could correct further.

Many stop loss orders below the support trend line

CrypNuevo notes that there is a support trend line. He shares a one-hour chart of Bitcoin to support his argument.

Source: CrypNuevoHowever, he warns that there are also many stop loss orders below it. This increases the likelihood of the price dropping to trigger liquidation.

In summary, Bitcoin is still increasing in value in the long term, but traders should be cautious about the risk of short-term pullbacks. The key level to watch is $77,000. If this support level holds, the upward momentum will continue, but if it fails, it could lead to deeper corrections.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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Minh Anh

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