Daily Trading Analysis: A Detailed Breakdown of Market Momentum BTC 13th & 14th March 2025
Bitcoin’s price action over the past two days has been eventful, presenting key resistance and support interactions that traders need to take note of. As we moved into Thursday’s session, BTC found resistance at the $83.9K price level while maintaining some support around the 50 and 200 EMAs. However, despite attempts to hold above these levels, price ultimately rejected $83.9K and closed below both EMAs, leading to a downward move for the majority of Thursday’s session.
By the end of the session, BTC found support at $80.3K, forming a slightly displaced double bottom pattern. This reversal setup led to a move higher for Friday’s New York session.
30-Minute Analysis
During Friday’s pre-market session, BTC broke back above both the 50 and 200 EMAs, signaling early bullish strength. As the session progressed, the 200 EMA acted as a confirmed support level, further validating the strength of the uptrend. BTC eventually pushed past the prior resistance at $83.9K and found support at this same level.
As the session transitioned into after-hours trading and the weekend approached, BTC saw a minor dip below $83.9K. However, support at the 50 EMA prevented any significant downside continuation. Given the typical slowdown in volume over the weekend—particularly from late Friday to early Sunday—this slight dip is not necessarily indicative of a major shift in momentum.
Daily Analysis
On the daily timeframe, a new area of interest has emerged between $83.5K and $85.3K. Thursday’s session saw price reject this zone, but Friday’s bullish price action managed to bring BTC back into this range. Moving forward, the key focus remains on how price interacts within this area, particularly in relation to the 200 EMA.
The 200 EMA’s role will be crucial in determining whether BTC continues its upward trajectory or if another rejection signals further consolidation or a potential pullback. Traders should monitor price action closely within this range, as a confirmed breakout above $85.3K could indicate stronger bullish momentum, while another rejection could see BTC revisiting lower support levels.
Conclusion
BTC’s price action over the past two days has shown significant interaction with key technical levels. Thursday’s rejection of $83.9K led to a downward move, but Friday’s session saw a strong bullish recovery, pushing price back into the $83.5K - $85.3K range.
The weekend’s slower volume means traders should be cautious about reading too much into minor price fluctuations. However, coming into the next trading week, all eyes will be on the 200 EMA and how BTC reacts within this new range. Whether BTC continues upward or faces another rejection will provide a clearer sense of market direction for the days ahead.
