Bitcoin’s March Close Fuels Optimism as Bulls Face Resistance

Bitcoin closed March with a strong performance, exceeding the 38.2% Fibonacci retracement level and maintaining the bullish trend. However, traders are cautious as resistance at $88,000 poses a challenge to further gains. While support around $83,000 remains key for market direction, technical indicators suggest mixed signals. A breakout above $86,000 with strong volume could push Bitcoin toward higher levels, while failure to hold support may trigger selling pressure. Our analysis explores the key levels and potential scenarios for Bitcoin in April.