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Bitcoin will face ‘significant resistance’ reclaiming $94K: Analysts

cryptoweekly by cryptoweekly
March 5, 2025
in bitcoin, News
0

Bitcoin may struggle to hold and continue higher above the $94,000 price level it was last trading at on March 3, according to crypto analysts.

Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say.

“Any recovery to take the price back above $94,000 might face significant resistance,” Bitfinex analysts said in a March 3 markets report. Bitcoin (BTC) fell below $94,000 on March 2 and has yet to bounce back.

The Bitfinex analysts linked this prediction to the recent volatility following US President Donald Trump’s March 1 announcement pledging a crypto reserve, which saw Bitcoin quickly surge 12% from $85,000 to $95,000.

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Recent Posts
  • BlackRock iShares Bitcoin ETF surpasses 700K Bitcoin
  • Bots behind most tokens on Pump.fun and LetsBonk: Coinbase exec
  • Bitcoin miner BitFuFu mines 445 BTC for its biggest production month
  • SEC acknowledges Trump’s Truth Social Bitcoin and Ethereum ETF
  • Vitalik Buterin advocates ‘copyleft’ licensing in crypto
  • Coinbase crypto lobby urges Congress to back major crypto bill
  • Gate.io deletes page showing a $600M Pump.fun token sale

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