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BTC analysis – highs are still falling, will the price reach the target of $ 45,600?

by Margharet Tess
March 28, 2025
in Analysis
Reading Time: 3 mins read

BTC continues in the corrective structure and despite the last rebound still did not confirm the definitive bottom. The key is to create a growing minimum. Let’s take a look at the potential target of the current chart development and also at the potential bearish scenario. Will BTC be able to stop at the last minimum?

BTC is currently trying to test the previous several-day sideway structure as support on the surface $ 42,650. If he succeeds and creates a minimum here, the price will go to resistance roughly $ 45,600. However, even reaching this level would not definitively confirm the end of the correction.

Bitcoin still did not confirm the bottom of the correctionSource: TradingView

BTC continues the sideway structure

In case BTC didn’t keep short in the end support at $ 42,650, the most important thing would be to respect level around $ 40,000. If the price falls below the previous minimum, the correction could be extended to the next support at $ 37,000. The level of $ 40,000 is a significant support in the long run, but it does not mean that it cannot be overcome.

Dominance in the meantime it has created a declining minimum and the chart has been declining for a long time. It is quite possible that we will look again at historical lows up to a zone of around 36%. A short-term increase could occur if BTC started new growing trend and capitalization would begin spill over. In the long run, however, we are more of a bearish dominance.

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Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
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