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Bollinger Bands Signal Bearish Trend for Bitcoin (BTC) Price Prediction

Bollinger Bands indicate Bitcoin may be heading downward as BTC struggles to reclaim the middle band, suggesting bearish pressure and potential further decline.
Published on 2025-03-18

Bitcoin's Bearish Outlook Intensifies as Bollinger Bands Signal Downward Pressure

The Bollinger Bands, a trusted technical analysis tool, are currently signaling a bearish trend for Bitcoin (BTC). On the daily BTC/USDT chart, Bitcoin's price has dipped below the middle band, which typically represents a 20-day moving average, and has struggled to reclaim this level. The middle band currently sits between $85,000 and $78,000, and Bitcoin's inability to break above it reinforces the bearish sentiment.

Bitcoin's price has fallen to $82,700 today, marking a 1.55% drop. This decline is part of a broader downward trend that began in late February when BTC was trading near $105,000. Since then, Bitcoin has lost significant value, breaking through several key support levels that previously held strong.

Analyzing the chart, Bitcoin has repeatedly failed to surpass the middle band near $85,000, highlighting persistent bearish pressure. If Bitcoin cannot bounce back and sustain a position above this critical level, it may slide toward the lower band, nearing $78,000. While predicting Bitcoin's price movements remains challenging, the ongoing struggle to overcome Bollinger Band resistance suggests continued market uncertainty.

The cryptocurrency market remains cautious as Bitcoin's inability to reclaim the middle band raises concerns about further declines. Traders are closely monitoring these indicators for potential signals of a trend reversal or continued downward momentum.

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