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Canada Jan Trade Balance C$-3.65 Billion, Dec Balance C$-1.30 Billion (Revised From C$-1.31 Billion)
[Robinhood Announces W Launch] March 12, According To Official Sources, Robinhood Has Launched W
German Foreign Minister Wadephul: Solution To Strait Of Hormuz Issue Can Only Be Achieved Diplomatically
Mercadolibre Shares Fall 2.4% Premarket After Jp Morgan Cuts To Neutral From Overweight, Slashes Pt To Street Low Of $2100
German Foreign Minister Wadephul: Turkey And Germany Have Joint Interest In Preventing Large Migration From Iran
Foreign Minister Says Turkey Against Plans Aimed At Inciting Civil War In Iran And Triggering Conflicts Along Ethnic And Religious Fault Lines
India Government Official: To Release Additional Kerosene, Coal To States For Sale To Consumers
EU Commission Spokesperson: We Have Proposed A Mission To Inspect The Druzhba Pipeline In Ukraine
EU Sees No Immediate Oil Security Of Supply Concerns Due To Iran Disruption- EU Commission Spokesperson
U.S. Energy Secretary: There Are Currently No Discussions Regarding Potential Restrictions On U.S. Exports
Pap - Polish Central Banker Janczyk: Monetary Policy Committee To Stay In Wait-And-See-Mode In Coming Months

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US President Trump delivered a speech
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Closing Meeting of the Fourth Session of the 14th National People's Congress
IEA Oil Market Report
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BOE Gov Bailey Speaks
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No matching data
Bitcoin price declined heavily and even traded below the $90,000 support.
Key Highlights
Bitcoin price declined heavily and even traded below the $90,000 support.
BTC is now following a connecting bearish trend line with resistance at $91,600 on the 4-hour chart.
Ethereum price also declined and traded below the $2,500 support.
XRP dipped toward $2.00 before the bulls appeared.
Bitcoin Price Technical Analysis
Bitcoin price made a couple of attempts to settle above $100,000 against the US Dollar. However, BTC failed and started a fresh decline.
Looking at the 4-hour chart, the price gained bearish momentum after it broke the $95,000 support zone. There was a close below the $92,000 level, the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour).
The bears even pushed the price below the $90,000 mark. A low was formed at $86,736 and the price is now consolidating losses. On the upside, the price could face resistance near the $90,000 level.
The next key resistance is $91,500. There is also a connecting bearish trend line forming with resistance at $91,600 on the same chart. It is close to the 38.2% Fib retracement level of the downward move from the $99,502 swing high to the $86,736 low.
A successful close above $91,600 might start another steady increase. In the stated case, the price may perhaps rise toward the $93,000 level. Any more gains might call for a test of $95,000.
Immediate support is near the $87,200 level. The next key support sits at $86,650. A downside break below $86,650 might send Bitcoin toward the $85,000 support. Any more losses might send the price toward the $83,200 support zone.
Looking at Ethereum, there was a fresh bearish reaction and the bears pushed the price below the $2,500 support zone.
Today’s Economic Releases
US New Home Sales for Jan 2025 (MoM) – Forecast +0.2% versus +3.6% previous.
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