Bitcoin Faces Short-Term Distribution – Analyst Explains Why Bull Market Remains Intact
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Bitcoin is experiencing a short-term distribution phase, trading between $80K and $85K. Despite the selling pressure, analysts believe the bull market remains intact, with a critical resistance level at $90K.
March 18, 2025 | 11:30 am
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Bitcoin is in a consolidation phase, trading between $80K and $85K. Bulls need to push BTC above $90K to maintain the bull market momentum.
Bitcoin's current trading range indicates a consolidation phase after intense selling pressure. The critical resistance level at $90K is pivotal for maintaining the bull market. Analysts remain optimistic, suggesting the bull market is still intact despite short-term distribution.
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IMPORTANCE 80
RELEVANCE 100