Bitcoin bulls made an attempt to push the price above $85,000, but bears stood their ground, keeping the resistance intact. However, a positive sign is that large investors appear to be accumulating at lower levels. According to research firm Santiment, wallets holding 10 BTC or more have added roughly 5,000 Bitcoin since March 3. Analysts believe that if this trend continues, Bitcoin could see stronger performance in the second half of March. Still, not everyone is optimistic in the short term. BitMEX co-founder and Maelstrom CIO Arthur Hayes suggested on X that Bitcoin could retest $78,000 and possibly even dip below $75,000.

Bitcoin broke below the support line of the symmetrical triangle pattern on March 9, showing that sellers have taken control. Bulls are trying to defend the $81,500 to $78,258 support zone, but their recovery attempt ran into selling pressure at the breakdown level on March 10. This suggests that bears are trying to turn the support line into resistance. If the price drops below $78,258, the BTC/USDT pair could slide further to $73,777. Buyers, however, will try to hold the support zone and push the price above the 20-day EMA ($88,605).

If they succeed, BTC could climb toward the resistance line. Ether broke and closed below the crucial $2,111 support on March 9, signaling the next leg of the downtrend. Bulls attempted to push the price back above $2,111 on March 10, but the long wick on the candlestick indicates strong selling pressure. There is some support at $1,993, but if this level gives way, the ETH/USDT pair could fall to $1,750 and eventually to $1,550.

For buyers to regain control, they need to push and sustain the price above the 20-day EMA ($2,329), which would indicate that the drop below $2,111 may have been a bear trap. If that happens, ETH could rally toward the 50-day SMA at $2,711

Lastly please check out the advancement’s happening in the cryptocurrency world

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