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Bitcoin Faces Resistance: Analysts Eye $65K Drop
Despite a 14% rebound, Bitcoin struggles to sustain its uptrend, with analysts warning of a potential drop to $65K.
Joe G & Money Talks
March 21, 2025 • Estimated Reading Time: 6 minutes
What we will talk about today...
Bitcoin Faces Resistance: Analysts Eye $65K Drop
Bitcoin Holds Steady as Trump Reaffirms Pro-Crypto Stance
XRP Eyes 75% Rally as SEC Ends Ripple Lawsuit
Despite a 14% rebound, Bitcoin struggles to sustain its uptrend, with analysts warning of a potential drop to $65K.
#btc Bearish imo. As long as we don't reclaim those highs on a 4h basis I think we're heading for those lows again.
Trades for me only if: we reclaim range high (longs), we see those lows (longs), we retest range highs on the ltf (scalp shorts).
Let's see.
— George (@George1Trader)
8:02 AM • Mar 21, 2025
It's hard to stay #bullish when all you see is weakness across the board. $BTC follows stocks in this nasty bear flag formation!
So far no signs of de-correlation, so if $SPX breaks down, $BTC will follow. $84k level remains key!
#crypto
— CryptOpus (@ImCryptOpus)
9:54 AM • Mar 21, 2025
Main Points:
Bitcoin rejected at $87.5K, reinforcing bearish sentiment.
“Dark cloud cover” pattern signals further downside risk.
Failure to reclaim $86K-$88K increases drop likelihood.
Analysts predict support at $77K-$79K but warn of $65K.
Correlation with equities and recession fears add pressure.
Detailed Insights:
Bitcoin is down 25% from its $110K all-time high.
Technical patterns suggest bearish continuation.
Breaking $84K could trigger a deeper sell-off.
Equities’ bear flag pattern adds to crypto’s weakness.
US recession remains a key external risk factor.
A perfect rejection so far. $BTC
— CrediBULL Crypto (@CredibleCrypto)
4:42 PM • Mar 20, 2025
#BITCOIN
Bitcoin's rejection at descending channel resistance with a dark cloud cover reinforces the prevailing downtrend, signaling continued bearish control.
Since the start of 2025, bulls have struggled to gain traction, failing to break above key resistance levels. The
— $Trader (@GDXTrader)
12:48 AM • Mar 21, 2025
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Bitcoin Holds Steady as Trump Reaffirms Pro-Crypto Stance
Bitcoin briefly touched $87.5K before retracing after President Trump’s statement, reinforcing U.S. crypto leadership but lacking major policy changes.
Long term chart on $BTCUSD. Still looks like a pullback to the broken 73.7K. What follows from here will decide on the following several month's price action.
— Aksel Kibar, CMT (@TechCharts)
11:29 AM • Mar 20, 2025
JAYPOW delivered, QT basically over Apr 1. The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE.
Was $BTC $77k the bottom, prob. But stonks prob have more pain left to fully convert Jay to team Trump so stay nimble and cashed up.
— Arthur Hayes (@CryptoHayes)
3:33 AM • Mar 20, 2025
Main Points:
Bitcoin peaked at $87.5K but pulled back to $83.6K post-Trump speech.
Trump pledged U.S. leadership in crypto but made no policy shifts.
Fed hints at slowing quantitative tightening, boosting market sentiment.
Analysts see a potential pullback to $73.7K.
Coinbase premium suggests renewed spot demand for BTC.
Detailed Insights:
Traders reacted to rumors of major tax cuts, later disproven.
Trump reaffirmed a pro-Bitcoin stance but avoided specifics.
Fed signals potential 2025 rate cuts, easing macro pressure.
Arthur Hayes warns of market volatility despite Bitcoin’s recovery.
Spot market demand shows signs of returning via Coinbase premium.
₿itcoin reached $83,495. -2.41%
♢Ethereum reached $1,947. -2.47%
XRP price rebounds 30% as the SEC drops its appeal against Ripple, and a bullish technical setup suggests a potential 75% surge.
$XRP BREAKOUT TO $20+ IMMINENT
— Amonyx (@amonbuy)
9:08 AM • Mar 20, 2025
Bitnomial's launch of regulated futures for $XRP – game-changer alert 🚀
Key impacts:
- Regulatory clarity boost = institutional doors open wider
- Price sees 10% surge post SEC lawsuit drop 🏃♂️
- Futures trading could stabilize prices and draw liquidity
- XRP ETF optimism high— Alva (@AlvaApp)
12:30 PM • Mar 20, 2025
Main Points:
XRP’s price surged 30% in two weeks, mirroring market recovery.
A symmetrical triangle pattern signals a possible breakout to $4.35.
SEC officially ends its lawsuit against Ripple, boosting investor confidence.
Bitnomial launches the first CFTC-regulated XRP futures in the U.S.
Ripple still faces an injunction limiting XRP sales to institutions.
Detailed Insights:
XRP’s bullish chart pattern projects a target of $4.35 by June.
A breakdown below $2.35 could trigger a decline toward $1.28.
Futures trading deepens market liquidity and supports long-term growth.
The SEC’s dropped appeal clears major legal uncertainty for Ripple.
Ripple’s institutional adoption remains restricted due to a court injunction.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results