Bitcoin’s price has dropped by 0.54% within 24 hours, currently at $81,553. The cryptocurrency faces local support at $81,596; a breakout could see it decline to $81,000. Resistance is observed at $84,007, and critical levels like $78,197 may indicate future market movements.

On March 13, the Bitcoin (BTC) market demonstrates varied trends, as noted by CoinMarketCap. The cryptocurrency has experienced a decrease of 0.54% within the past 24 hours, trading around $81,553. It currently approaches a critical local support level at $81,596, and a breakout could precipitate further decline towards the $81,000 mark.

On longer-term charts, Bitcoin appears to have rebounded from a resistance level at $84,007. Should buyers fail to gain traction, a test of the $80,000 threshold may be imminent. Additionally, observing weekly bar closures will be essential, particularly with regard to the $78,197 level; movement away from this point could indicate a potential bounce into the $84,000 to $88,000 range.

In summary, Bitcoin currently trades at $81,553, with market analysts highlighting significant resistance and support levels. A potential breakout below $81,596 may lead to further price drops, while movement away from the key level of $78,197 may give rise to a rebound towards higher levels. Investors are advised to exercise caution and seek professional financial guidance before making investment decisions.

Original Source: u.today

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