$BTC
#WhiteHouseCryptoSummit #USCryptoReserve #BTC☀️
Bitcoin’s price teetered between $88,204 to $89,251 on March 6, 2025 at 3 p.m. ET, caught in a volatile tug-of-war between bulls and bears as its $1.74 trillion market cap faced a critical test. With a 24-hour trading volume surging to $46.19 billion and an intraday rollercoaster swing of $88,020–$92,756, traders are bracing for fireworks ahead of the White House Crypto Summit—a high-stakes poker game that could redefine crypto’s regulatory landscape.
Bitcoin
Analyzing the daily chart, bitcoin is in a correction phase following a peak at $106,447, with support at $78,000–$82,000 and resistance at $92,000–$95,000. Increasing volume during sell-offs contrasts with recent buying interest at lower levels, suggesting potential long positions if bitcoin holds above $88,000–$89,000. A failure to breach $92,000–$95,000 could trigger short opportunities.
The 4-hour bitcoin chart reveals a volatile pattern: a sharp rally to $95,152, a retracement to $81,463, and a subsequent rebound. Immediate support lies at $87,000, with resistance at $92,000–$95,000 per BTC. Heavy volume during the decline transitioned to accumulation on green candles, signaling bullish confirmation above $88,000–$89,000. A rejection at $91,500–$92,500 may prompt short positions.
