• Home
  • Bitcoin Tests Key Levels: Breakout or Correction?

Bitcoin Tests Key Levels: Breakout or Correction?

The Most Important Points at a Glance

Bitcoin is moving between two crucial price levels: a strong resistance zone at $97,828 and significant support at $64,078. The price movement depends on whether BTC breaks through these levels or fails to do so.

Key Resistance and Support Zones

The resistance level at $97,828 represents a significant hurdle, as around 360,470 BTC have been accumulated here. Such zones are often difficult to break unless there is a strong increase in demand or external market influences, such as large capital inflows into Bitcoin ETFs.

On the other hand, support is found at $64,078, where approximately 194,530 BTC are held. Historically, buyers have often stepped in at such points to prevent further losses.

Bitcoin Price Development and Possible Scenarios

Bitcoin rose from $55,000 in September 2024 to over $108,000 at the beginning of 2025. The current correction has brought the price back into the range between $60,000 and $75,000, where many investors have entered the market.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

If BTC fails to reclaim the $97,000 mark, a further correction to $75,000 could follow. A break below $64,000 would increase the risk of a decline to $55,000.

Conversely, a sustained rise above $97,000 could trigger a new upward movement, leading to new highs above $108,000.

The Importance of the 50-Week Average

An important technical indicator is the 50-week average, which currently stands at $74,700. In previous market cycles, Bitcoin often found support at this level before experiencing new price increases.

In the years 2015, 2019, and 2021, BTC tested this average and subsequently recovered significantly. If this pattern repeats, Bitcoin could rise again after testing this level.

Our Assessment

Bitcoin is at a critical point. In the short term, it will be determined whether the price breaks through the resistance level of $97,000 or falls toward $64,000. Historical patterns suggest that the 50-week average could play a crucial role.

The coming weeks will reveal whether Bitcoin continues its upward trend or enters a longer correction phase.

Casinos: 52
Profile Bitcoin
Symbol BTC
Coin type Alt Coin
Transaction Speed Slow
Pros
  • First cryptocurrency, therefore very widespread
  • Largest selection of casinos among the coins
  • Many BTC based bonus offers
Cons
  • Fairly low transaction speed
Further practical applications
Price $85,213.00
24h % 1.13 %
7d % -11.85 %
30d % -19.09 %
60d % -9.36 %
1y % 37.65 %
Market Cap $1,687,620,855,571.00
Max. Supply 21,000,000.00
Official Links
Socials Reddit | X | Message Board
Best 3 Bitcoin casinos

Latest News

Created by

Before joining Kryptocasinos.com, I've worked with some of the biggest brands in the iGaming industry. I currently lead initiatives across English-speaking markets at KC, overseeing our reviews process for regions including the US, Canada, New Zealand and Australia. In my free time, you’ll find me creating avant-garde fractal art or experimenting in the kitchen as I craft new dishes.
Reviewed by
iGaming expert for > 10 years

Last update: March 1, 2025

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.